ASIA CUANON's subsidiary involved in note disputes, with multiple lawsuits exceeding 100 million

Asia Cuanon Technology Co., Ltd. announces litigation and arbitration situation. The People's Court of Qingpu District, Shanghai has accepted the case of Zhongtiancheng Energy-Saving Technology Co., Ltd. suing the company's holding subsidiary Asia Supply Chain Management Co., Ltd. for a bill dispute, involving a bill amount of 101,835.37 yuan and interest, with no court date set yet, and the impact on the company's profits is uncertain. Since the last announcement until the date of this announcement, the company and its subsidiaries have added litigation involving a total amount of 136,304,630.14 yuan, with multiple cases having reached mediation but the court's mediation documents not yet received. The company will conduct accounting treatment and disclosure according to the progress, reminding investors to pay attention to risks