Core Viewpoint - The company is facing legal proceedings initiated by Cedar Wealth Management SPC, which has resulted in a court order for asset preservation affecting its bank account in China, with a cash balance of approximately RMB 2.55 million, until November 30, 2026 [1][2]. Group 1: Legal Proceedings - The court issued a notification on December 24, 2025, regarding the asset preservation order based on Cedar Wealth's arbitration application submitted on August 11, 2025 [1]. - Cedar Wealth claims that the company owes them approximately USD 2.05 million in unpaid service fees and other expenses, along with interest and legal fees totaling around RMB 1.04 million [2]. - The company has not received any invoices or requests for payment prior to the arbitration application, and is actively seeking more information from Cedar Wealth to understand the claims [2]. Group 2: Company Response - The board of directors is consulting legal advisors regarding the legal proceedings and arbitration, and is monitoring the potential legal, operational, and financial impacts on the company [2]. - As of the announcement date, the board believes that the legal proceedings and asset preservation order have not significantly adversely affected the company's overall business, operations, or cash flow [2]. - The company intends to negotiate with Cedar Wealth to explore possible settlement options to resolve misunderstandings and potentially terminate the legal proceedings and asset preservation order [3].