ST Zhongdi: Controlling shareholder shares will be disposed of judicially.

Announcement: The financial loan dispute case between Chongqing Zhongmei Heng Real Estate Co., Ltd., a wholly-owned subsidiary of the Company, and Jiangbei Branch of Chongqing Three Gorges Bank Co., Ltd. has entered the execution stage. The amount involved is approximately RMB 474 million and related interest. 299.27 million shares held by the Company's controlling shareholder Guangdong Runhongfu Chuang Technology Center will be judicially disposed of to repay debts. Currently, the case has not had a significant adverse impact on the Company's production, operation, and financial condition, but there is uncertainty about the final judicial disposal method and outcome.