Yihualu and its legal representative are restricted from high consumption due to unresolved service contract dispute involving unpaid amount of 2.14 million yuan.

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Beijing Yihualu Information Technology Co., Ltd. (Stock Code: 300212, Stock Abbreviation: Yihualu) announced on March 20 that the company and its legal representative, Mr. Xiao Yi, recently received a “Restriction on Consumption Order” issued by the People’s Court of Shijingshan District, Beijing, due to the company’s failure to fulfill the payment obligations related to a service contract dispute with Beijing Times Lingyu Technology Co., Ltd. on time.

The announcement stated that the People’s Court of Shijingshan District, Beijing filed an execution application on January 7, 2026, for the case initiated by Times Lingyu to execute the service contract dispute against Yihualu. Because Yihualu failed to perform the payment obligations specified in the effective legal document within the period designated by the execution notice, the court imposed consumption restrictions on the company and its legal representative, Mr. Xiao Yi, in accordance with relevant legal provisions. The restricted consumption behaviors include taking airplanes, soft sleepers on trains, all seats on G-series high-speed trains, and other non-essential expenses for life and work, as well as spending in star-rated hotels, purchasing real estate, traveling and vacationing, and other nine types of activities.

It is understood that this restriction on consumption order stems from the service contract dispute between Yihualu and Times Lingyu. After court proceedings, it was ruled that Yihualu must pay Times Lingyu a contract amount of 2.14 million yuan plus litigation costs. Due to the company’s failure to pay the above amounts on time, Times Lingyu applied for enforcement, leading the court to take the aforementioned restrictive measures.

Additionally, the announcement disclosed the company’s recent litigation situation. As of the date of the announcement, not including already disclosed situations, the company and its controlling subsidiaries have been involved as defendants in lawsuits and arbitrations with a cumulative amount of 57.1165 million yuan in the past twelve months, totaling 22 cases, accounting for 7.84% of the company’s most recent audited net assets; as plaintiffs, the cumulative amount involved in lawsuits and arbitrations is 18.5451 million yuan, totaling 3 cases, accounting for 2.54% of the company’s most recent audited net assets.

Yihualu stated that this high consumption restriction has not yet had a significant impact on the company’s daily operations and financial condition, and the company is currently operating normally. The company is actively communicating and coordinating with the enforcement applicant to fulfill its payment obligations or reach a settlement as soon as possible and has applied to the court to revoke the restriction on consumption order. The company will closely monitor the progress of the matter and timely fulfill its information disclosure obligations.

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Editor: Xiao Lang Quick Report