Announcement by Yiyang Xingtong Co., Ltd. Regarding the Conclusion of Litigation Matters

MaticHoleFiller · 2026-03-17T19:12:13+00:00

Yiyang Information & Communication Co., Ltd. announced that the loan contract dispute case with Cui Hongye and others has concluded. The company's status as the executed party has been confirmed, with total assets subject to execution amounting to 66.7686 million yuan. The controlling shareholder has made partial repayment, and the remaining amount will be fully repaid by Dalian Hesheng Holding Group within 90 days.

MaticHoleFiller

2026-03-17 19:12:13

Abstract generation in progress

Stock Code: 600289 Stock Abbreviation: ST Xintong Announcement No.: 2026-020

Yiyang Xintong Co., Ltd.

Announcement on the Settlement of Litigation Matters

The company’s board of directors and all directors guarantee that this announcement does not contain any false records, misleading statements, or major omissions, and bear legal responsibility for its truthfulness, accuracy, and completeness.

Important Highlights:

● Litigation stage: Concluded

● Status of the listed company in the case: Respondent

Overview of the Litigation

Yiyang Xintong Co., Ltd. (hereinafter referred to as “the Company” or “Yiyang Xintong”) filed an appeal with the Shenzhen Intermediate People’s Court of Guangdong Province (hereinafter “Shenzhen Intermediate Court”) against the civil judgment (2017) Yue 0303 Minchu 20577 issued by the People’s Court of Luohu District, Shenzhen, Guangdong Province (hereinafter “Shenzhen Luohu Court”) in the loan contract dispute with Cui Hongye, Deng Wei, and Yiyang Group Co., Ltd. (hereinafter “Yiyang Group”). The company received the civil judgment (2019) Yue 03 Minzhong 752 from the Shenzhen Intermediate Court, which dismissed the company’s appeal and upheld the original judgment. The company has received the enforcement ruling and the notice to resume enforcement, and has reached an enforcement settlement with Cui Hongye. The total assets involved in enforcement amount to 66.7686 million yuan.

For details, please refer to the company’s previous disclosures in Announcements No. 临2019-050, 临2019-055, 临2019-088, 临2020-038, 临2020-049, 临2020-122, 临2020-142, 临2020-178, 临2022-005, 临2024-072, 临2026-002, and 临2026-008.

Case Closure Details

Recently, the company received the Shenzhen Luohu Court’s enforcement ruling (2024) Yue 0303 Zhihui 374-2, with the main contents as follows:

The civil judgment (2019) Yue 03 Minzhong 752 issued by the Shenzhen Intermediate Court, which determined that Yiyang Xintong, as the respondent, has fulfilled its obligations, and the enforcement has been completed, thereby closing the case against Yiyang Xintong.
The measures of property seizure and freezing on the assets of Yiyang Xintong are lifted.
Other Explanations

The total amount of company assets involved in enforcement is 66.7686 million yuan, which is due to the company’s liability for compensation caused by illegal guarantees for the controlling shareholder, Yiyang Group. Of this amount, 28.7686 million yuan has been fully repaid in cash by Yiyang Group. The remaining settlement payment of 38 million yuan will be fully repaid in cash within 90 calendar days from the occurrence of the matter, as promised by our indirect controlling shareholder, Dalian Hesheng Holding Group Co., Ltd. The company will closely monitor subsequent developments and disclose information in a timely manner.

The designated media for information disclosure by the company are China Securities Journal, Shanghai Securities News, and the Shanghai Stock Exchange website.

This announcement is hereby made.

Yiyang Xintong Co., Ltd. Board of Directors

March 17, 2026

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