GlobTek Announces Subsidiary QuanChuan Tech (Suzhou) Co., Ltd. Received Civil Complaint for Trademark Infringement

1. Parties to the legal case: Plaintiff: Bangjia Holding (Lishui) Co., Ltd. Defendant: QuanChuan Tech (Suzhou) Co., Ltd. (hereinafter referred to as the 'subsidiary')

2. Court or authority handling the case: Ningbo Intermediate People's Court, Zhejiang Province

3. Case reference number: (2026) Zhe 02 Min Chu No. 940

4. Date of incident: July 24, 2026

5. Background of the incident (including subject of litigation): On July 24, 2026, the subsidiary received a civil complaint from the Ningbo Intermediate People's Court, Zhejiang Province, filed by Bangjia Holding (Lishui) Co., Ltd., alleging trademark infringement.

6. Handling process: The subsidiary has engaged legal counsel to protect its corporate rights and interests.

7. Impact on company's financial and business operations and estimated impact amount: Bangjia Holding (Lishui) Co., Ltd. has jointly sued the company's subsidiary and a second defendant, seeking compensation of RMB 5 million for economic losses and related litigation costs. The case is currently under judicial review. The subsidiary has engaged legal counsel and is actively responding. Based on preliminary assessment, the case has no material impact on the subsidiary's financial or business conditions, and all operations continue normally.

8. Response measures and improvements: The subsidiary will actively respond to the aforementioned litigation to safeguard its corporate rights and interests.

9. Other matters to be disclosed (if the entity involved in the event or resolution is a publicly listed company or above, this material information also qualifies as a matter under Article 7, Paragraph 2, Item 2 of the Enforcement Rules of the Securities and Exchange Act that significantly affects shareholders' rights or securities prices): None.