1. Case Progress
(1) Basic Situation
The company's controlling subsidiary, Wuhan Central Business District Co., Ltd. (hereinafter referred to as "Wuhan Company"), has a contract dispute with Yantai Mountain Gao Honghao Investment Center (Limited Partnership) (original creditor Shandong High-Speed Global Financing Leasing Co., Ltd., hereinafter referred to as "Yantai Mountain Gao"). Yantai Mountain Gao applied for compulsory enforcement at the Intermediate People's Court of Wuhan, Hubei Province (hereinafter referred to as "Wuhan Intermediate Court"). The specific execution process is detailed in the company's announcements disclosed on April 3, 2021, June 30, 2022, September 24, 2022, January 20, 2023, March 22, 2023, April 15, 2023, July 13, 2023, and August 2, 2023, in "China Securities Journal," "Securities Times," "Shanghai Securities Journal," and the Giant Tide Information Network.
(2) Latest Progress
On January 11, 2024, the company received the "Execution Ruling" delivered by the Wuhan Intermediate Court. The main content states that the debt amount in this case overlaps with the execution subject of a case at the Intermediate People's Court of Jinan, Shandong Province, which has been completed (the company has repaid all debts to Yantai Mountain Gao amounting to approximately 2.008 billion yuan, as disclosed in the company's announcement on December 27, 2023, in "Shanghai Securities Journal" and the Giant Tide Information Network regarding the progress of the share auction of Minsheng Securities Co., Ltd.). Yantai Mountain Gao acknowledged that the payment content confirmed by the notarized debt document in this case has been executed and applied to the Wuhan Intermediate Court for case closure; therefore, no further execution is required. The Wuhan Intermediate Court ruled to terminate the execution of the notarized document No. (2020) Lu Jinan Qilu Zhi Zhi No. 11 according to relevant regulations. The company will closely monitor the subsequent developments of this matter and fulfill its information disclosure obligations in a timely manner according to relevant regulations, urging investors to pay attention to the company's announcements and be aware of investment risks.