TAI UNITED HOLD (00718): Stone Wealth and Tai Yongge's deadline for fulfilling their obligations under the settlement agreement is extended for one year.

TAI UNITED HOLD (00718) announced that the company, Stone Wealth, and Mr. Dai Yongge reached a settlement agreement on March 25, 2025. According to the settlement agreement, Stone Wealth and Mr. Dai have committed, as consideration for the payment made by Guangzhou Rongzhi and to compensate Guangzhou Rongzhi, to contact the debtors of Guangzhou Rongzhi within 12 months from the date of the settlement agreement and take necessary actions to reduce Guangzhou Rongzhi's external debt by at least approximately RMB 280.6 million, i.e. the payment; and the sum of the domestic bank deposits of the company's subsidiaries that have been withdrawn and transferred to the account placed in custody by the Chinese court at the time. In view of the continued communication between Stone Wealth, Mr. Dai, and the debtors of Guangzhou Rongzhi, as well as the latest progress in reducing the external debt of Guangzhou Rongzhi, on March 25, 2026, the parties to the settlement agreement entered into a supplementary agreement to extend the deadline for Stone Wealth and Mr. Dai to fulfill their obligations under the settlement agreement for one year, i.e. extended to March 25, 2027. Apart from the aforementioned changes, all other terms of the settlement agreement remain unchanged.