Core Points - The company has reported a total of 31.4 million yuan in newly disclosed litigation and arbitration cases, exceeding 10% of its latest audited net assets [1] - The company and its subsidiaries have actively initiated lawsuits amounting to approximately 16.61 million yuan [1] - The company emphasizes its commitment to legal measures to protect its interests and improve asset quality and financial performance [4] Summary by Sections Accumulated Litigation and Arbitration Cases - As of the announcement date, the company and its subsidiaries have a total of 31.4 million yuan in undisclosed litigation and arbitration cases [1] - The amount involved in cases where the company is the plaintiff totals about 16.61 million yuan [1] Other Undisclosed Litigation and Arbitration Matters - There are no other undisclosed litigation or arbitration matters for the company and its subsidiaries [3] Potential Impact on Profit - The ongoing lawsuits primarily involve the company seeking payment for overdue project funds [4] - The company is taking legal actions to safeguard its rights, which is expected to positively impact its asset quality and financial status [4] - The influence of these cases on current and future profits remains uncertain, and the company will follow accounting standards for any necessary adjustments [4] Additional Information - From September 13, 2025, to the announcement date, the company received 26 additional litigation and arbitration cases, each involving amounts below 10 million yuan, totaling 19.04 million yuan [8]

Group 1 - The Supreme People's Court has issued an interpretation to enhance the protection of homebuyers' rights, effective from July 24, 2025 [1] - The interpretation expands the scope of consumer rights protection in real estate transactions, allowing for better safeguarding of buyers' interests in cases of developer debt disputes [4][5] - The interpretation allows for the exclusion of forced execution on properties that meet the criteria of "residential living needs," which now includes improved housing, not just the primary residence [5][6] Group 2 - The interpretation emphasizes the priority of construction project payment rights, allowing contractors to negotiate property value for debt recovery, which can exclude mortgage rights or general monetary claims from forced execution [3][4] - Courts are instructed to focus on the substantive review of whether the disputed property is essential for the normal living conditions of the family involved [6] - The interpretation aims to prevent fraudulent practices in debt recovery, emphasizing the need for courts to verify the authenticity of contracts and payment claims to combat false litigation [7][8]