Progress Announcement on Litigation Involving Wholly-Owned Subsidiary

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This announcement details the first-instance judgment in a lawsuit filed by Yongtai Logistics' wholly-owned subsidiary. The court ruled in favor of the subsidiary, confirming claims for goods, services, liquidated damages, legal fees, and guarantee fees totaling approximately RMB 39.87 million. The defendants are ordered to pay, with some facing joint and several liability. The outcome's impact on the company's profit is uncertain due to potential appeals.

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Securities Code: 001228 Securities Abbreviation: Yongtai Logistics Announcement Number: 2026-042

Yongtai Chemical Logistics Co., Ltd. Announcement on Progress of Litigation Involving Wholly-Owned Subsidiary

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

Special Note:

Litigation Stage: First-instance judgment.
Party Status of the Company: Yongtai (Zhejiang) Supply Chain Co., Ltd. (hereinafter referred to as "Yongtai (Zhejiang) Supply Chain"), a wholly-owned subsidiary of Yongtai Chemical Logistics Co., Ltd. (hereinafter referred to as the "Company"), is the plaintiff in the case.
Amount Involved: RMB 39.872 million (including RMB 31.2962 million in goods payment, RMB 334.51 million in service fees, RMB 494.17 million in liquidated damages, RMB 3.00 million in legal fees, RMB 2.00 million in guarantee fees, RMB 23.40 million in case acceptance fees, and RMB 0.50 million in property preservation fees).
Impact on the Company's Profit and Loss: This is a first-instance judgment. Whether the plaintiff and defendant appeal and the final executable amount of the judgment are uncertain, thus the impact on the Company's current or subsequent profits is uncertain. The defendant Ningbo Jiangchen Intelligent Equipment Co., Ltd. (formerly Ningbo Jiangchen Intelligent Equipment Co., Ltd., hereinafter referred to as "Jiangchen Intelligent"), Zhu Lizhou, and Xiang Jing are all listed as dishonest judgment debtors, and the final execution situation remains uncertain. Investors are advised to pay attention to investment risks.

I. Basic Situation of the Litigation

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