Announcement on Accumulated Litigation and Arbitration Matters
The Company and the Board of Directors guarantee the content of this information disclosure is true, accurate and complete, and that there are no false records, misleading statements or major omissions.
On February 24, 2026, Changjiang Medicine Holding Co., Ltd. (hereinafter referred to as "the Company" or "Changyao Holdings") received 7 litigation documents from 7 plaintiffs: Jiangyin Tian Guang Technology Co., Ltd., Changzhou Jun Hong Intelligent Equipment Co., Ltd., Zhao Min, Kunshan Chen Hui Hot Press Plate Co., Ltd., Qinhuangdao Wanfa Trading Co., Ltd., Shanhai Guan Pengtai Freight Joint Fleet, and Jiangyin Yong Shun Electric Heating Appliances Co., Ltd., respectively suing Changyao Holdings and its subsidiary Hebei Yihang Technology Co., Ltd. The total amount involved in these lawsuits is RMB 17.8777 million. As of the date of this announcement, excluding previously disclosed litigation and arbitration matters, the total amount involved in litigation and arbitration matters for the Company and its subsidiaries within a continuous twelve-month period is approximately RMB 54.6952 million, accounting for 12.64% of the absolute value of the net assets audited most recently. The relevant situation is hereby announced as follows:
I. Basic Situation of Accumulated Litigation and Arbitration Matters
According to the "Shenzhen Stock Exchange Stock Listing Rules", listed companies shall promptly disclose litigation and arbitration matters that occur within a continuous twelve-month period, involving an amount exceeding RMB 10 million, and accounting for more than 10% of the absolute value of the company's net assets audited most recently. Matters for which disclosure obligations have been fulfilled will no longer be included in the cumulative calculation. As of the date of this announcement, excluding previously disclosed litigation and arbitration matters, the total amount involved in litigation and arbitration matters for the Company and its subsidiaries within a continuous twelve-month period is approximately RMB 54.6952 million, accounting for 12.64% of the absolute value of the net assets audited most recently. The details are as follows:
- Case of Sales Contract Dispute between Plaintiff Orlyfu Transmission Technology Co., Ltd. and Defendant One Hebei Yihang Technology Co., Ltd. and Defendant Two Changjiang Medicine Holding Co., Ltd.
The plaintiff has business dealings with Defendant One. Litigation request: Order Defendant One to pay the overdue payment of RMB 204,112.20 and overdue payment interest, calculated at 1x LPR for the overdue period, from April 27, 2025, until the actual payment date. The interest calculated up to the date of filing the lawsuit is RMB 4,408.27; order Defendant One to pay the plaintiff legal fees of RMB 11,000 for debt recovery; order Defendant Two to bear joint and several liability for the above expenses; the litigation fees, preservation fees, and preservation insurance fees for this case shall be borne by both defendants. This case was filed in the People's Court of Sanmen County on January 20, 2026, and has not yet been heard. This case is not expected to have an impact on the company's current period profit or loss.
- Case of Sales Contract Dispute between Plaintiff Jiangsu Leshi Xin Energy Equipment Co., Ltd. and Defendant One Hebei Yihang Technology Co., Ltd. and Defendant Two Changjiang Medicine Holding Co., Ltd.