Huisen Intl is facing several civil mediation cases filed by Nankang Development Group and Longnan Development Company against its subsidiaries. The mediation initiated by Nankang Development Group against former director Mr. Zeng Ming and others from Huisen Intl and its subsidiaries involves an amount of RMB 229 million, while Longnan Development Company initiated mediation in the amount of RMB 119 million. The mediation results are final and not subject to appeal. The People's Court of Jiangxi Province's Ganzhou City Nankang District has issued an enforcement order regarding the subsidiaries' assets, but as of the announcement date, no enforcement action has been taken. Huisen Intl believes that, based on sufficient collateral, the enforcement will not impact the group's finances and business, and will timely inform shareholders and investors of relevant developments. The announcement was made by Huisen Intl's chairman, Wu Runlu, on November 20, 2024.

Huisen Intl is facing several civil mediation cases filed by Nankang Development Group and Longnan Development Company against its subsidiaries. The mediation initiated by Nankang Development Group against former director Mr. Zeng Ming and others from Huisen Intl and its subsidiaries involves an amount of RMB 229 million, while Longnan Development Company initiated mediation in the amount of RMB 119 million. The mediation results are final and not subject to appeal. The People's Court of Jiangxi Province's Ganzhou City Nankang District has issued an enforcement order regarding the subsidiaries' assets, but as of the announcement date, no enforcement action has been taken. Huisen Intl believes that, based on sufficient collateral, the enforcement will not impact the group's finances and business, and will timely inform shareholders and investors of relevant developments. The announcement was made by Huisen Intl's chairman, Wu Runlu, on November 20, 2024.