*ST Jiaoyu Taizhou Jianghai Project Litigation Enters Second Instance Proceedings

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Yunnan Jiaotou Ecological Technology Co., Ltd. (Stock abbreviation: *ST Jiaotou, Stock code: 002200) recently announced that there has been a new development in the construction contract dispute case involving the Taizhou Jiaojiang project, in which the company participated as a third party. Due to the plaintiff Yunnan Yunshang Enterprise Management Consulting Co., Ltd. not accepting the first-instance judgment made by the Jiaojiang District People’s Court of Taizhou City, the company has filed an appeal with the Intermediate People’s Court of Taizhou, Zhejiang Province. The company received a court summons and will participate in a court hearing on March 25, 2026.

The announcement shows that the lawsuit originated in November 2024, when Yunnan Yunshang Enterprise Management Consulting Co., Ltd. filed a lawsuit against Taizhou Jiaojiang Xianhua Port Agriculture, Forestry, Tourism Development Co., Ltd. in the Jiaojiang District People’s Court of Taizhou City, claiming a construction contract dispute. *ST Jiaotou, due to its legal interest in the handling of this lawsuit, was notified by the court to participate as a third party. In January 2026, the Jiaojiang District People’s Court of Taizhou City issued a first-instance judgment on the case. The company stated that the first-instance judgment does not affect the company, and since the second instance has not yet been decided, the company will fulfill its disclosure obligations in a timely manner based on the case progress.

Additionally, *ST Jiaotou disclosed other small-scale lawsuits, arbitration matters, and the progress of previously disclosed small lawsuits and arbitration cases.

• The plaintiff is *ST Jiaotou, the defendant is Xishuangbanna Yuntou Construction Pan-Asia Real Estate Co., Ltd., in a construction contract dispute involving 1.3352 million yuan. The Yunnan Jinghong City People’s Court has not yet issued a judgment. The company states that related claims were divested during the 2025 restructuring plan, and the final impact on the company will be based on the audited financial data for 2025.
• The plaintiff is *ST Jiaotou, the defendant is Yunnan Yunshang Cloud Information Technology Co., Ltd., in a construction contract dispute involving 2.7238 million yuan. The first-instance judgment by the Chenggong District People’s Court of Kunming City, Yunnan Province, ordered the defendant to pay a penalty of 19,700 yuan and dismissed other claims, with minimal impact on the company.
• The plaintiff is *ST Jiaotou, the defendant is Li Chunming, in a case of unjust enrichment involving 17,500 yuan. The first-instance judgment by the Guandu District People’s Court of Kunming City, Yunnan Province, ordered the defendant to return 17,500 yuan paid in advance and pay interest, with minimal impact on the company.
• The applicant is Fang Cheng, the respondent is *ST Jiaotou, in a labor dispute involving 21,000 yuan. The Yunnan Labor and Personnel Dispute Arbitration Committee rejected the arbitration request, which does not affect the company.
• The applicant is Gao Lin, the respondent is *ST Jiaotou, in a labor dispute with no amount involved. The Yunnan Labor and Personnel Dispute Arbitration Committee rejected the arbitration request, which does not affect the company.
• The re-trial applicant is Jinghong Yunlv Tour Investment Tourism Development Co., Ltd., the respondent is Guangxi Construction Engineering Group Co., Ltd. The original defendant in the subcontracting dispute involving *ST Jiaotou, with a claim of 875,000 yuan, was rejected by the Yunnan Higher People’s Court. The case had previously been judged in first and second trials, and the rulings do not impact the company.
• The plaintiff is Zhou Yaping, the defendants are Yunnan Construction Investment Fourth Construction Co., Ltd., Yunnan Hengda Ecological Environment Construction Co., Ltd., and *ST Jiaotou, in an infringement liability dispute involving 170,200 yuan. The final impact on the company is uncertain as the case has not yet been judged by the Shizong County People’s Court of Yunnan Province.

As of the date of this announcement, the company has no other major lawsuits or arbitration matters that need to be disclosed but have not been disclosed.

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