Huatian Hotel: The remaining expired payment of 174 million yuan of Huatian Lou Di has not been returned.

Huatian Hotel Announcement: The company's controlling subsidiary, Huatian Investment Co., Ltd., transferred 11% equity of its controlling subsidiary, Huatian Hotel Management Co., Ltd. in Loudi, through public listing at a price of RMB 7.6768 million. After the transaction is completed, Loudi Huatian will no longer be included in the company's consolidated financial statements. Loudi Huatian has repaid the first loan of RMB 75.916 million and the second loan of RMB 20 million, but the remaining overdue amount of RMB 29.33634 million has not been repaid on time. Recently, Loudi Huatian should repay the remaining overdue amount totaling RMB 174 million. The company has issued a "Collection Notice" and is actively negotiating with them. Loudi Huatian has requested a temporary extension of repayment, to be repaid as soon as operation improves. The company will continue to recover the relevant financial aid funds, and reserves the right to take legal action. As of the disclosure date of this announcement, Loudi Huatian should repay the company's financial aid balance of RMB 174 million, accounting for 11.21% of the company's audited net assets for the year 2024.