*ST Zhuoran Sued for Supply Chain Factoring Principal of 80.1179 Million Yuan

*ST Zhuoran announced that the company and its wholly-owned subsidiaries, Zhuoran (Jingjiang) Equipment Manufacturing Co., Ltd. and Shanghai Zhuoran Digital Intelligence Source Co., Ltd., have been sued by the Huangpu Branch of Shanghai Rural Commercial Bank Co., Ltd. for a civil lawsuit involving a supply chain factoring contract dispute. The lawsuit has been filed and accepted by the Huangpu District People's Court in Shanghai, and the hearing has not yet taken place. The plaintiff demands that the company pay the supply chain factoring principal of 80.1179 million yuan, along with overdue interest calculated at a rate 50% higher than the agreed financing rate until the actual payment date. The plaintiff claims to have acquired the accounts receivable of the three defendants through non-recourse factoring from June to December 2025, involving a total principal of 80.1179 million yuan, which the three defendants failed to pay on time. The company stated that the outcome of the judgment is uncertain and it is currently unable to accurately assess the impact on the company's current or future profits.

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