According to CoinMeta, regarding the announcement on the initiation of enforcement (*ST), due to the failure to fulfill the obligations of the arbitration ruling related to the equity repurchase of Qidihua Water Services, Agricultural Bank of China Investment has applied for compulsory enforcement. The company has signed an 'Execution Settlement Agreement' with Agricultural Bank of China Investment and other parties, which stipulates that the holding subsidiary, Puhua Water Services Technology Group, shall pay the principal amount of 470 million yuan for the equity repurchase in cash, to be paid in three installments by December 31, 2027. In addition, interest on the corresponding funds will be paid at the annual rate of LPR3.00%. The remaining debt will be settled according to the reorganization plan during the company's reorganization process. This matter still requires approval from the company's fourth temporary shareholders' meeting in 2026. If the obligations are not fulfilled on time or the reorganization does not meet the agreed conditions, Agricultural Bank of China Investment has the right to apply for the resumption of enforcement.