Announcement on Major Arbitration

Shanghai Ba'an Water Co., Ltd. Announcement on Major Arbitration

The company and all members of the board guarantee that the information disclosed is true, accurate, complete, and free from false records, misleading statements, or significant omissions.

Important Content Reminder:

1. Current arbitration stage: The arbitration institution has accepted the case, but no hearing has been held.
2. Position of the listed company: Respondent
3. Amount involved: 14.8265 million yuan.
4. Impact on the listed company's profits: The case has not yet been heard by the arbitration institution, and the specific impact of this arbitration on the company's current or future profits remains uncertain.

I. Basic Situation of the Arbitration Matter
The applicant, Shandong Gaochuang Construction Investment Group Co., Ltd., has filed an arbitration application with the Beijing Arbitration Commission against Zhang Chunlin and Shanghai Ba'an Water Co., Ltd. (referred to as "the Company"). On August 2, 2024, the Company received the "Notice of Defense for Arbitration Case No. (2024) Jingzhong Case No. 07443" from the Beijing Arbitration Commission, which accepted the case on July 22, 2024, under case number (2024) Jingzhong Case No. 07443.