Yunmei Energy: Second Instance Upholds the Original Judgment in Railway Freight Transportation Contract Dispute Case

On March 30, Yunmei Energy (600792.SH) released a major litigation progress announcement, indicating that the company’s case involving a railway freight transportation contract dispute has received a final ruling. According to the announcement, the Yunnan Provincial Higher People’s Court has issued a second-instance judgment, rejecting the appeal and upholding the original decision.

The lawsuit stems from April 2025. Yunnan Kun Tie Kun An Railway Co., Ltd. filed a lawsuit with the Kunming Railway Transportation Intermediate People’s Court against Wuhan Iron & Steel Group Kunming Iron and Steel Co., Ltd. and Yunmei Energy in connection with the railway freight transportation contract dispute. After the hearing, the Kunming Railway Transportation Intermediate People’s Court issued a first-instance judgment in December 2025. Notably, Kun Tie Kun An, Wu Kun Shares, and the company all found the first-instance judgment unsatisfactory and therefore filed an appeal with the Yunnan Provincial Higher People’s Court.

Based on the latest progress, on March 30, 2026, the company received the “Civil Judgment” electronically delivered by the Yunnan Provincial Higher People’s Court, [（2026）Yun Min Zhong 21hao]. The judgment clearly shows that the appeal was rejected and the original ruling was upheld. Meanwhile, the second-instance case acceptance fee of 1,688,075.23 yuan is to be borne by Yunnan Coal Industry Energy Co., Ltd. in the amount of 196,790.84 yuan. This judgment is the final ruling; as of the date of the announcement, the second-instance judgment has taken effect.

In terms of the amount involved, in the first-instance judgment, Yunmei Energy Co., Ltd. was ordered to pay the plaintiff a comprehensive service fee of 39,220,895.98 yuan, bear the case acceptance fee of 201,996.81 yuan, bear the property preservation fee of 2,500.00 yuan, and have the plaintiff’s other litigation requests rejected. The second-instance judgment upheld this original outcome.

Regarding the impact of this lawsuit on the company’s financial position, the announcement states that, in each reporting period, the company had provisionally recognized the expenses, and in the earlier period it had made the corresponding accounting treatment in accordance with relevant accounting standards based on the first-instance judgment. Since the second-instance judgment upholds the original ruling, this judgment will not have a significant impact on the company’s profit or loss. The company said it will conduct related financial treatment in accordance with the second-instance judgment and corporate accounting standards.

In addition, the announcement also discloses that, as of the date of the announcement, the company and its controlling subsidiaries have no other material litigation or arbitration matters that should be disclosed but have not been disclosed. The company’s board reminds the majority of investors to invest rationally and to be mindful of investment risk.