Beijing Oriental Jicheng concludes performance compensation arbitration hearing

Beijing Oriental Jicheng Integrated Technology Co., Ltd. (the company) has announced that the arbitration process concerning performance commitment compensation has concluded its third and final hearing. The arbitration relates to the acquisition of a 78.33% stake in Beijing Wanlihong Technology Co., Ltd., specifically involving compensation from some transaction counterparties. The company is the applicant in this case.

The amount includes 71,328,842 shares subject to performance compensation (corresponding to an issue price of RMB 22.76 per share), as well as related dividends, liquidated damages, legal fees, notary fees, property preservation application fees, property preservation insurance fees, and arbitration fees.

While the hearing phase is complete, the outcome remains undetermined, making the impact on the company's current and future profits uncertain. The company states it will continue to actively pursue this matter to protect shareholder interests and will provide further disclosures as the arbitration progresses. Investors are advised to monitor company announcements due to investment risks.