Jiu Rong Holdings Limited on 17 July 2026 disclosed that it has signed court-endorsed settlement agreements covering two of the five loan-related lawsuits filed by Hangzhou United Rural Commercial Bank Co., Ltd. (United Bank).

In Case (2026) Zhe 0106 Min Chu No. 1242, the Group confirmed a repayment schedule for RMB153.00 million in principal. An initial RMB18.00 million must be repaid by 20 June 2027, while the remaining RMB135.00 million follows the timeline set in the original loan contract. Interest, compound interest and penalty interest will continue to accrue under the original terms. Failure to meet any installment empowers United Bank to demand immediate repayment of the full outstanding balance and seek compulsory enforcement against pledged assets; Hangzhou Yunqi Cloud Data Limited assumes joint and several liability.

Case (2026) Zhe 0106 Min Chu No. 1244 involves a principal of RMB5.98 million. Including accrued interest, compound interest and penalty interest calculated up to 7 July 2026, the aggregate outstanding stood at RMB0.15 million. All sums must be settled by 31 October 2026. Non-payment would allow United Bank to enforce recovery against collateral, with Zhe Jiang Jiu Rong Intelligent Technology Limited, Hangzhou Lu Yun Property Limited and Jiu Rong New Energy Science and Technology Limited sharing joint and several liability.

Three additional suits—Case Nos. 1247, 1252 and 1255—are still being heard by the People’s Court of Xihu District. The Group is engaging counsel, monitoring proceedings and pledges to update the market on any material developments.

Management stated that the two settlements adhere to existing loan terms and are expected to have “minimal impact” on overall financial performance. However, missed payments could trigger loan acceleration, asset enforcement actions and tighter liquidity. Some bank accounts remain frozen, restricting short-term working-capital flexibility.

To mitigate risks, Jiu Rong Holdings plans to: 1) honour all agreed repayment schedules; 2) maintain legal defenses in the remaining cases; 3) negotiate loan extensions or instalment plans with other major creditors; 4) continue asset disposals and pursue diversified funding channels; 5) comply with ongoing disclosure obligations.

Shareholders and potential investors are advised to exercise caution in dealings with the company’s shares, given the unresolved litigation and associated liquidity considerations.