Announcement on behalf of subsidiary Jiu Xin Estate (Wuxi) Limited regarding court provisional asset attachment ｜ Sinyi Realty Inc. ｜ Investor Relations

Subject：Announcement on behalf of subsidiary Jiu Xin Estate (Wuxi) Limited regarding court provisional asset attachment

To which item it meets：paragraph 2
Date of events： 2026/08/13

Statement:

1.Parties to the legal matter:Jiu Xin Estate (Wuxi) Limited
2.Name of the court or punishing agency of the legal matter:
Binhu District People's Court, Wuxi City, Mainland China
3.Reference/Case number of relevant documents of the legal matter:
(2026) Su 0211 Zhi Bao No. 1458 and No. 3077
4.Date of occurrence of the event:2026/08/13
5.Details of occurrence (including the matter under dispute):
A dispute arose over a construction contract between Jiu Xin Estate
(Wuxi) Limited (hereinafter ”JiuXin”), an indirectly 100%-owned
subsidiary of the Company,is in a dispute with its contractor,
Shanghai No.7 Construction Co., Ltd.(hereinafter ”Shanghai No.7”),
arising from a construction project. Shanghai No.7 has initiated
legal proceedings against JiuXin and applied for a provisional
attachment on its assets amounting to RMB 107,373,163.
6.Handling procedure:JiuXin entered into a fixed-price contract with
Shanghai No.7 and has accrued the required payables. Despite ongoing
negotiations over construction deviations (such as design non-compliance,
quality defects, and delays), Shanghai No.7 unilaterally claimed extra
payments without supporting evidence, leading to an impasse.
Consequently, Shanghai No.7 filed a lawsuit and sought asset attachment
against JiuXin, with the case currently pending in court.
7.Impact on the Company’s finance and business and projected amount:
JiuXin is well-funded and can still carry out capital reductions to flexibly
support the group's cash flow. Its financial position is sound, and its
business mainly involves the sale of leftover housing from construction
projects, with no other major business developments. Assessment shows that
the aforementioned provisional attachment amount has little impact on its
financial operations.
8.Countermeasures and improvement status:retained legal counsel to handle the
relevant legal proceedings to safeguard the Company's rights and interests.
9.Any other matters that need to be specified (the information disclosure
also meets the requirements of Article 7, subparagraph 2 of the Securities
and Exchange Act Enforcement Rules, which brings forth a significant impact
on shareholders rights or the price of the securities on public companies.):
none.