TAI UNITED HOLD (00718) announced that the company, Stone Wealth, and Mr. Dai Yongge entered into a settlement agreement on March 25, 2025. According to the terms of the agreement, Stone Wealth and Mr. Dai committed to contact the debtors of Guangzhou Rongzhi and take necessary actions within 12 months from the agreement date. This was to facilitate a reduction of Guangzhou Rongzhi's external debt by at least approximately RMB 280.6 million, which constitutes the payment, plus the sum of domestic bank deposits of the company's subsidiaries that had been withdrawn and transferred to an account held by a Chinese court.

In light of the ongoing communication between Stone Wealth, Mr. Dai, and the aforementioned debtors of Guangzhou Rongzhi, and considering the recent progress in reducing the external debt, the parties to the settlement agreement entered into a supplemental agreement on March 25, 2026. This agreement extends the deadline for Stone Wealth and Mr. Dai to fulfill their obligations under the original settlement by one year, now until March 25, 2027. All other terms of the settlement agreement remain unchanged.