Wento Holdings Co., Ltd. Announcement on the Progress of Litigation Matters

Stock Code: 600715 Stock Abbreviation: Wen Tou Holdings No.: 2026-008

Wen Tou Holdings Co., Ltd.

Announcement on the Progress of Legal Proceedings

The Board of Directors of the Company and all of its directors hereby guarantee that there are no false records, misleading statements, or material omissions in the contents of this announcement, and assume legal responsibility for the authenticity, accuracy, and completeness of the contents.

Key Points:

● Litigation stage of the case: judgment in the court of first instance; the plaintiff has appealed;

● Litigant status of the listed company: appellee (defendant in the first instance);

● Amount involved: the case’s amount involved in the first instance is RMB 56.025 million and related litigation fees, preservation fees, etc.; the amount involved in this appeal is RMB 32.875 million and the corresponding late performance interest, relevant litigation fees, preservation fees, etc.;

● The first-instance judgment has been rendered for this case, and the second-instance court has not yet held a hearing. The specific impact of this case on the Company’s current-period profit or future-period profit cannot be assessed at this time. The Company will conduct the corresponding accounting treatment in accordance with the “Enterprise Accounting Standards”;

● The Company will attach great importance to the progress of this case, and actively take relevant legal measures to safeguard the Company and the interests of its shareholders. Investors at large are invited to pay attention to investment risks.

I. Basic Information of This Litigation Case

On August 4, 2025, Wen Tou Holdings Co., Ltd. (hereinafter referred to as the “Company”), together with its wholly-owned subsidiary Beijing Yaolei Tenglong International Cinema City Management Co., Ltd. (hereinafter referred to as “Beijing Yaolei Tenglong”) and Wen Tou (Beijing) Cinema Line Co., Ltd. (hereinafter referred to as “Wen Tou Cinema Line”), received legal documents including the “Civil Summons” and “Civil Statement of Claim” with case number (2025) Ji 0203 Min Chu 1724 delivered by the People’s Court of Luobei District, Tangshan City, Hebei Province. The case involved: Tangshan Chengcheng Real Estate Development Co., Ltd. (hereinafter referred to as “Tangshan Chengcheng”) vs. the defendant first Tangshan Yaolei Chenglong International Cinema City Management Co., Ltd. (hereinafter referred to as “Tangshan Yaolei Chenglong”), defendant second Beijing Yaolei Tenglong, defendant third Jiangsu Yaolei Cinema City Management Co., Ltd. (hereinafter referred to as “Jiangsu Yaolei”), defendant fourth Wen Tou Cinema Line, and a third party Qi Jianhong, in a debt substitute right dispute. Tangshan Chengcheng initiated the lawsuit with the People’s Court of Luobei District, Tangshan City, Hebei Province. Please refer to the Company’s announcement dated December 26, 2025, titled “Announcement on Cumulative Litigation and Arbitration Cases” (Announcement No.: 2025-083).

Pursuant to the “Civil Statement of Claim,” the litigation claims asserted by Tangshan Chengcheng were as follows: to order the first and second defendants, jointly and severally, to return RMB 56.025 million to the plaintiff; to order the third and fourth defendants to assume joint and several supplemental compensation liability for the above debts of the first defendant within the scope of the unpaid subscribed capital; all litigation costs and preservation fees, etc. in this case shall be borne by the defendants.

On March 6, 2026, Beijing Yaolei Tenglong and Wen Tou Cinema Line received the “Civil Judgment” with case number (2025) Ji 0203 Min Chu 1724 delivered by the People’s Court of Luobei District, Tangshan City, Hebei Province. The People’s Court of Luobei District, Tangshan City, Hebei Province rendered a first-instance judgment in this case, dismissing the plaintiff Tangshan Chengcheng Real Estate Development Co., Ltd.’s litigation claims. The case acceptance fee of RMB 321,925 and preservation fee of RMB 5,000 shall be borne by Tangshan Chengcheng Real Estate Development Co., Ltd. Please refer to the Company’s announcement dated March 7, 2026, titled “Announcement on the Progress of Litigation Matters” (Announcement No.: 2026-004).

II. Progress of This Litigation Case

Recently, Beijing Yaolei Tenglong and Wen Tou Cinema Line received a “Civil Appellate Brief/Statement of Appeal” filed by plaintiff Tangshan Chengcheng delivered by the People’s Court of Luobei District, Tangshan City, Hebei Province. Tangshan Chengcheng, dissatisfied with the “Civil Judgment” with case number (2025) Ji 0203 Min Chu 1724 rendered by the People’s Court of Luobei District, Tangshan City, Hebei Province, has now filed an appeal in accordance with law.

(I) Appellants and Other Parties

Appellant: Tangshan Chengcheng (plaintiff in the first instance)

Appellees: Tangshan Yaolei Chenglong (defendant in the first instance)

Appellees: Beijing Yaolei Tenglong (defendant in the first instance)

Appellees: Jiangsu Yaolei (defendant in the first instance)

Appellees: Wen Tou Cinema Line (defendant in the first instance)

Third party in the first instance: Qi Jianhong

(II) Appellate Requests

1. To revoke, according to law, the “Civil Judgment” with case number (2025) Ji 0203 Min Chu 1724 of the People’s Court of Luobei District, Tangshan City, Hebei Province;

2. To remit this case for a retrial in accordance with law; or, in accordance with law, to make a revised judgment in that the appellee Tangshan Yaolei Chenglong and Beijing Yaolei Tenglong shall pay the appellant RMB 32,875,000 (tentatively as of March 19, 2026) and the corresponding late performance interest, and to order that the appellees Wen Tou Cinema Line and Jiangsu Yaolei assume joint and several liability for the aforementioned debts of Tangshan Yaolei Chenglong;

3. All litigation costs and preservation costs for the first-instance and second-instance proceedings in this case shall be borne by the appellees and the defendants in the original trial.

III. Other Major Litigation and Arbitration Matters Not Yet Disclosed

As of now, the Company (including its holding subsidiaries) has no other major litigation or arbitration matters that have not yet been disclosed within the past 12 months.

IV. Impact on the Company’s Profits

This case has been decided in the first instance. The second-instance court has not yet held a hearing. The specific impact of this case on the Company’s profit for the current period or profit for subsequent periods cannot be assessed at this time. The Company will conduct corresponding accounting treatment in accordance with the “Enterprise Accounting Standards.”

The Company will attach great importance to the progress of this case and actively take relevant legal measures to safeguard the Company and the interests of its shareholders. Investors at large are invited to pay attention to investment risks.

All information of the Company shall be subject to the information disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn) and related designated media.

This announcement is hereby issued.

Board of Directors of Wen Tou Holdings Co., Ltd.

April 4, 2026

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