Shanghai Fudan Forward S&T announced that the financial personnel of its subsidiary Sea Gate Property learned on September 27th through online banking that a new bank account had been frozen. Upon self-examination, the freezing of the Sea Gate Property account this time may be due to an arbitration between Shanghai Quanchun Industrial Development Co., Ltd. and Sea Gate Property. As of the date of the announcement, Sea Gate Property has not yet received any formal legal documents, notices, or other information regarding the freeze of the aforementioned account. A total of 8 bank accounts have been frozen, with a total balance of 0.84395602 million yuan in the frozen accounts. The company will continue to monitor the progress, prepare response plans, and ensure that the daily operations of Sea Gate Property are not significantly affected.