Chaozhuohang announcement, the company's wholly-owned subsidiary Shanghai Chaozhuo Metal Materials Co., Ltd. has filed a lawsuit against CM Bank Nanjing Chengbei Branch regarding a dispute over a savings deposit contract. The case has been filed and accepted by the Gaochun District People's Court of Nanjing City and has not yet been heard. The amount involved is a savings deposit of 60 million yuan and overdue payment interest calculated at a rate of 3.45% from October 8, 2023. The company has recognized the transferred deposit of 59.95 million yuan as a loss, and if some or all of the funds are recovered, it will have a positive impact on the company's profit and loss. The impact of the case on the company's current and future profits is uncertain, and the final decision will be made by the court.