Announcement on the Progress of Major Arbitration
This announcement is made by the board of directors of Kangjia Group Co., Ltd. to inform the public about the progress of the major arbitration case.
I. Overview of the Arbitration
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Current status of the arbitration: The arbitration has concluded.
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Applicant's domicile: [blank]
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Arbitration amount: The arbitration amount is RMB 93,904.41 million.
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Impact of the arbitration on the company's assets: The arbitration involves the company's assets. The outcome of the arbitration and the timing of its resolution are uncertain, and the impact on the company's current and future profits cannot be determined. The company will make corresponding accounting adjustments based on the requirements of accounting standards and the actual progress of the case.
II. Overview of the Major Arbitration