Link: https://links.sgx.com/1.0.0/corporate-announcements/KIOED1UI7L66GES1/3122982c61b6864464eed9f8dd18a4029df0443b63aa7fdbc88139d4bb8d30d8

Summary:

• The Group’s subsidiaries, CIHL (Tianjin) City Development and Yichang Zhongjia Xinye Asset Management, received the written judgment from Yiling District Court on 4 August 2025.

• The court ruled:

  • Beijing KaiyuanWanjia Management Consulting Co., Ltd. to bear joint and several liability for debts owed by Yichang Zeyou Real Estate Development Co., Ltd.

  • CIHL Tianjin to bear joint and several liability for these debts, limited to RMB11 million.

  • Zhongjiaxinye to bear joint and several liability within the property value of RMB2,379,074.

• The company’s management and Board believe the judgment did not adequately address their arguments and may have incorrectly applied China Company Law.

• The Group’s lawyers have been instructed to prepare an appeal against the judgment.

• Further updates will be shared as material developments occur.

• Shareholders are advised to exercise caution in dealings with the company’s shares.