Shanghai Ganglian E-Commerce Holdings announcement, as Jiangsu Xugang Steel Group Co., Ltd. has failed to fulfill the delivery obligations under the purchase and sales contract, the company's controlling subsidiary Steel Silver E-commerce has filed a lawsuit with the Second Intermediate People's Court of Shanghai, with a total amount involved temporarily totaling 2.275 billion yuan. The case has not been heard in court yet. In addition, the company and its subsidiaries have 6 other undisclosed litigation and arbitration matters involving a total amount of 50.8138 million yuan. The impact of this litigation on the company's current or future profits is uncertain.