241.75 Zhongwang Software: Involved in arbitration case, the applicant claims 2.4175 million US dollars and related expenses.

Zhongwang Software announced that the company has received the arbitration application materials delivered by the agent lawyers of ITC, and the case has been accepted but has not yet started trial. The applicant ITC believes that the company has violated the contractual obligations by granting ZYX company relevant technology license or software access rights, therefore initiating arbitration. ITC's arbitration request includes ruling on the company's breach of contract, prohibiting infringement of trade secrets and copyrights, seeking compensation of $2.4175 million, penalty interest, and related technical service income expenses. The company does not recognize the claims and will actively respond, with the final outcome depending on the arbitration result.