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🚨 Material Event

Announcement on Progress of Litigation Involving Guarantee Matters and Cumulative Litigation and Arbitration Status

Xiaosong Co., Ltd.··5 pages

✨ AI Summary

This announcement details a new lawsuit filed by Jiangxi Guokong Commercial Factoring Co., Ltd. against Guohai Construction and others, including Guangdong Xiaosong Technology Co., Ltd., for a factoring contract dispute. The company is named as a defendant and is jointly and severally liable for the debt. The company also provides an update on cumulative litigation and arbitration matters, noting recent developments in four cases.

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Guangdong Xiaosong Technology Co., Ltd.

Announcement on Progress of Litigation Involving Guarantee Matters and Cumulative Litigation and Arbitration Status

The Company and all members of its 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 Notice:

  1. On July 15, 2026, the creditor Jiangxi Guokong Commercial Factoring Co., Ltd. (hereinafter referred to as "Jiangxi Guokong Factoring") held an internal meeting regarding the overdue matters of the Guohai Construction factoring project. The meeting reviewed and approved the "Proposal on Reaching a Mediation Arrangement for the Overdue Matters of the Guohai Construction Factoring Project." The Company will urge Guohai Construction to follow up on the relevant mediation arrangements and disclose related progress in a timely manner.

  2. The litigation stage of the newly added case: Accepted, not yet opened for trial.

  3. The party's status in the newly added case: Defendant.

  4. The amount involved in the newly added case: RMB 85.5225 million.

  5. Impact on the listed company's profits and losses: As the case has not yet been heard, no legally effective judgment has been rendered. Therefore, the Company cannot yet determine the impact of this lawsuit on the Company's current or subsequent profits.

I. Overview of Overdue Guarantee Situation

In October 2025, Guangdong Xiaosong Technology Co., Ltd. (hereinafter referred to as the "Company" or "this Company") signed a "Guarantee Agreement" with Jiangxi Guokong Factoring, providing guarantee for the debt under the main agreement signed between Guohai Construction, a non-wholly-owned associated company, and Jiangxi Guokong Factoring, with a maximum guarantee amount of RMB 80 million. For details, please refer to the "Announcement on the Progress of Providing Guarantees for Subsidiaries" (Announcement No.: 2025-081) disclosed by the Company on thecninfo.com website on October 22, 2025.

After the loan matured, Guohai Construction failed to repay it in a timely manner. For details, please refer to the "Announcement on the Progress of Overdue Guarantees for Associated Non-wholly-owned Companies" (Announcement No.: 2026-050) disclosed by the Company on thecninfo.com website on May 18, 2026.

II. Basic Situation of Litigation Involving Guarantee Matters

The Company recently received a summons, notice of appearance, and other legal documents from the People's Court of Poyang County. Case No. (2026) Gan 1128 Min Chu No. 5228. The People's Court of Poyang County has accepted the factoring contract dispute case filed by the plaintiff Jiangxi Guokong Commercial Factoring Co., Ltd. against the defendants Guohai Construction Co., Ltd., Poyang County Ganpo High-speed Rail Project Management Co., Ltd., Guangdong Xiaosong Technology Co., Ltd., Xu, and the third party Wuhan Kaixing Real Estate Development Co., Ltd. The basic situation of this litigation is as follows:

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