Announcement on Progress of Major Litigation Matter

ST Meichen Co., Ltd.·July 24, 2026·2 pages

✨ AI Summary

Shandong Meichen Industrial Group Co., Ltd. announces progress on a technology cooperation dispute. Its subsidiary, Meichen Industrial, received a first-instance civil judgment from the court. The court rejected the plaintiff's claims and ordered the plaintiff to bear the case acceptance and preservation fees. The final impact on the company's profits is uncertain.

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Securities Code: 300237

Securities Abbreviation: ST Meichen

Announcement Number: 2026-048

Shandong Meichen Technology Group Co., Ltd.

Announcement on Progress of Major Litigation Matter

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.

Shandong Meichen Technology Group Co., Ltd. (hereinafter referred to as the "Company") recently received a notice from its wholly-owned subsidiary, Shandong Meichen Industrial Group Co., Ltd. (hereinafter referred to as "Meichen Industrial"). Meichen Industrial and Weifang Chuangli Electronic Technology Co., Ltd. (hereinafter referred to as "Chuangli Electronic Company") had a dispute over a technology cooperation development contract. The first-instance civil judgment from the People's Court of Weifang High-tech Industrial Development Zone has been received, and the specific situation is announced as follows:

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