Announcement on the Progress of Major Litigation Matters

ST Meichen Co., Ltd.·July 31, 2026·2 pages

✨ AI Summary

Shandong Meichen Technology Group Co., Ltd. announces the first-instance judgment on a construction contract dispute. The court ordered its subsidiary, Hangzhou Seastone Landscape, to pay outstanding engineering fees of RMB 9.8617 million. Crucially, the court dismissed the plaintiff's claim against Meichen Technology for joint and several liability. The company will assess whether to appeal and will handle accounting accordingly.

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Full Translation

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Shandong Meichen Technology Group Co., Ltd.

Announcement on the Progress of Major Litigation Matters

The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or material omissions.

Shandong Meichen Technology Group Co., Ltd. (hereinafter referred to as "Meichen Technology" or "the Company") recently received the "Civil Judgment" (2025) Jin 0426 Minchu No. 149 from the People's Court of Liucheng County. The first-instance judgment has been rendered in the construction contract dispute case between the Company's wholly-owned subsidiary Hangzhou Seastone Landscape Group Co., Ltd. (hereinafter referred to as "Seastone Landscape") and Shanxi Second Construction Group Co., Ltd. (hereinafter referred to as "Shanxi Second Construction"). The details are hereby announced as follows:

Basic Situation of the Litigation Matter

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