000430SZSE

Announcement on Cumulative Litigation and Arbitration Situations of Zhangjiajie Tourism Group Co., Ltd.

ST Zhangjiajie Co., Ltd.··3p

✨ AI Summary

Zhangjiajie Tourism Group Co., Ltd. reports ongoing litigation and arbitration cases totaling approximately 3,790.09 million yuan as of February 26, 2026. The company and its controlling shareholders are involved in claims and arbitration with amounts ranging from 964.55 million yuan to 2,825.54 million yuan. No single case exceeds 1,000 million yuan, and the company will handle accounting and disclosures according to regulations, advising investors to be aware of risks.

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Full Translation

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According to the requirements of the Shenzhen Stock Exchange and other regulations, Zhangjiajie Tourism Group Co., Ltd. (hereinafter referred to as "the Company") reports the cumulative litigation and arbitration situations as follows:

Basic Situation of Cumulative Litigation

As of February 26, 2026, the Company and its controlling shareholders have ongoing new litigation and arbitration cases totaling approximately 3,790.09 million yuan. The total amount involved in the first phase of the arbitration is 13.09%.

Among them, the Company and its controlling shareholders have claims amounting to 2,825.54 million yuan, while the total amount involved in the arbitration case is 74.55%. The Company and its controlling shareholders are the parties to the second phase of the arbitration, with the total amount involved in the arbitration case being 964.55 million yuan. The total amount involved in the first phase of the arbitration is 25.45%.

The above-mentioned litigation and arbitration cases, the Company and its controlling shareholders do not have any single arbitration case exceeding 1,000 million yuan, and the Company has recently disclosed a significant net asset value exceeding 10%.

Specific circumstances are attached (continuation of the cumulative litigation and arbitration situation table for the last twelve months).

Other Pending Litigation and Arbitration Cases

The Company and its controlling shareholders do not have any other pending litigation and arbitration cases.

The Impact of This Litigation on the Company

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