TAI UNITED HOLD (00718) announced that regarding the company's announcements dated October 29, 2024, and December 10, 2024, concerning litigation claims filed against one of the company's subsidiaries, Anyang Jiangchuan recently received an execution notice (Anyang Construction Case Execution Notice) and a property reporting order (Anyang Construction Case Property Reporting Order) issued by the People's Court of Beiguan District, Anyang City, Henan Province regarding the judgments described in those announcements.

According to the Anyang Construction Case Execution Notice, the aforementioned judgment has become effective, and the relevant Chinese court has ordered Anyang Jiangchuan to pay the former Anyang construction service supplier the judgment amount, which is the total of the following: (i) approximately RMB 3.9 million (being the sum of unpaid construction fees, default interest, and court costs); and accrued interest from January 24, 2013, until the payment date.

According to the Anyang Construction Case Property Reporting Order, Anyang Jiangchuan must also report to the relevant Chinese court its current financial status as well as its financial status for the year prior to receiving the Anyang Construction Case Execution Notice.

If Anyang Jiangchuan fails to comply with the Anyang Construction Case Execution Notice, it may face additional consequences, including but not limited to being included in credit records and listed on the dishonest judgment debtor blacklist.

Anyang Jiangchuan is currently in contact with the relevant Chinese court and the former Anyang construction service supplier to discuss the execution details of the Anyang Construction Case Execution Notice and feasible repayment methods, including but not limited to installment payments and other arrangements.