Zhitong Financial App News, *ST Meigu (000615.SZ) announced that the company recently received relevant judicial documents from the Beijing Shijingshan District People's Court. It learned that some Jinghan Real Estate Group Co., Ltd. (“Jinghan Real Estate”, company related party) targeted financing plan cases have entered the enforcement stage. After further understanding with the executive court, it was learned that 100% of the company's shares in Hubei Jinhuan New Materials Technology Co., Ltd. (“Jinhuan New Materials”) have been judicially frozen.

As of the date of this announcement, the company and Jinhuan New Materials are operating normally. The current judicial freezing of the company's shares held by Jinhuan New Materials has not had a substantial impact on the company and Jinhuan New Materials. However, it is not ruled out that in the future, the company's shares in Jinhuan New Materials will be judicially disposed of due to the execution of the judgment in the Jinghan Real Estate Targeted Financing Plan case. This may have a certain impact on the company or Jinhuan New Materials business results.