JIU RONG HOLD (02358) announced that the Group is recently involved in five separate legal proceedings initiated by Hangzhou United Rural Commercial Bank Co., Ltd. (the Plaintiff) against several of the Group's subsidiaries, with a total claimed amount of approximately RMB 283 million. The Board has been informed that, as a result of property preservation measures taken in connection with these lawsuits, bank accounts in China belonging to several of the Group's subsidiaries have been frozen. As of the date of this announcement, the total amount of frozen bank deposits is approximately RMB 12.7214 million, representing about 1.75% of the Company's current assets as per the latest audited financial statements. To the best of the Board's knowledge, as of the date of this announcement, no other assets of the Group have been frozen. On February 2, 2026, the Group received formal legal documents from the court. Following a preliminary assessment, the Board believes that these lawsuits and the freezing of the bank accounts will occupy the Group's cash flow, but the overall impact on the Group's operations remains subject to further evaluation. In response to this situation, the Group is seeking advice from its PRC legal advisors regarding these proceedings. Currently, the Group's management is actively negotiating with the Plaintiff bank in an effort to reach a settlement concerning the relevant loan arrangements and any potential default matters. These discussions include avenues for repaying the borrowings, minimizing the impact on existing operational businesses, arrangements for loan renewals, and extensions for the repayment deadlines of overdue amounts. The relevant negotiations are still ongoing, and the Company will issue further announcements regarding any significant developments as and when appropriate. Furthermore, the Group's management has taken proactive steps to initiate negotiations with other banks to minimize the impact of cross-defaults on the Group and to seek protection for the Group's assets and operational businesses under the relevant legal framework. As of the date of this announcement, the Board is not aware of any cross-defaults being triggered under the Group's other financing arrangements. The Board will take all feasible measures to safeguard the interests of the Company's shareholders.