Mei Yingsen: The arbitration ruling requires Ouyang Xuan and New Tian Di to pay 30.2754 million yuan.

MeiYingsen announcement, as the arbitration applicant, has received the arbitral award in the arbitration case of the dispute over the equity transfer contract between Ouyang Xuan and Xintiandi. The award orders Ouyang Xuan and Xintiandi to jointly pay the company a total of 30.2754 million yuan for breach of contract, lawyer's fees, preservation fees, preservation guarantee fees, arbitration fees, etc.; the award also orders the company to pay 150,000 yuan in lawyer's fees to Ouyang Xuan. This case is expected to bring certain benefits to the company.