Mubang High-Tech announced that the bank account of its wholly-owned subsidiary Guangxi Mubang High-Tech New Energy Co., Ltd. has been frozen, involving an amount of 0.663 million yuan. The freeze was primarily due to a property preservation application by Wuxi Lead Intelligent Equipment Co., Ltd. The company has not yet received relevant legal documents. The frozen amount accounts for 0.09% of the audited net assets at the end of 2023, and 0.03% of the net assets at the end of the first half of 2024. The company will actively communicate with the relevant parties to negotiate the lifting of the account freeze as soon as possible and minimize the impact on the company.