Royal Courtyard International: Negotiations with Feng Han Yi Gang for debt restructuring and major asset sales are still ongoing.

Imperial Court International Announcement: The company is planning debt restructuring and major asset sales with its partner Feng Han Yi Gang. Both parties signed a "Equity Transfer Framework Agreement" on April 26, 2023, with Feng Han Yi Gang paying an earnest money of 10 million yuan. The original plan was to sign debt restructuring agreements with various bank creditors within 60 days, but due to the involvement of multiple parties, it could not be completed as planned. Feng Han Yi Gang has agreed to extend the deadline by 60 days to August 24, 2023. Currently, both parties are still in continuous communication regarding the specific details of debt restructuring cooperation. There is a possibility of further progress in the cooperation, but the success of implementation and specific progress still have uncertainties.