The DWSD recovery case has been closed, and a mandatory execution will be applied for the due debts

Zhejiang DWSD Technology Co., Ltd. announced the progress of litigation matters, the case has been closed, and the company is the plaintiff, with an amount involved of 90.5564 million yuan. Previously, the company guaranteed Huanyu Energy, resulting in a judicial deduction of 110 million yuan in 2024, and a mediation was reached in the subsequent recovery lawsuit. However, the debtor did not fulfill the mediation agreement, and all debts are considered due. The company will apply to the court for compulsory enforcement, but there is uncertainty regarding the application situation, and the company will comprehensively assess the impact on the relevant reporting period's profit and loss. As of the announcement date, the company has no other significant litigation or arbitration matters that should be disclosed but have not been disclosed. The company will continue to disclose progress and remind investors to pay attention to risks