000536SZSE
🚨 Material Event

Announcement on Litigation Progress and Receipt of Partial Enforcement Funds

HUA YING TECHNOLOGY (GROUP) CO.,LTD.··3 pages

✨ AI Summary

Huaying Technology announces progress in a major lawsuit, having received RMB 142.16 million in partial enforcement funds. The case involves a RMB 3.029 billion claim. The actual recovery rate remains uncertain due to defendant assets and share disposal progress. The company will continue to monitor and disclose developments.

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Full Translation

AI Translation· gemini_document

Securities Code: 000536 Securities Abbreviation: Huaying Technology Announcement No.: 2026-056

Huaying Technology (Group) Co., Ltd.

Announcement on Litigation Progress and Receipt of Partial Enforcement Funds

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

Special Notes:

  1. Litigation Stage: Enforcement stage, receipt of partial enforcement funds.

  2. Party's Status: First-instance plaintiff, second-instance appellant, retrial applicant, applicant for enforcement.

  3. Total Amount Involved in this Litigation: RMB 3.029 billion.

  4. Impact on the Company's Profit and Loss: As of the disclosure date of this announcement, the Company has cumulatively received RMB 142.1607 million in judicial enforcement funds related to this major lawsuit. The Company will make corresponding accounting treatment according to the requirements of relevant accounting standards. The specific impact is subject to the Company's financial accounting results. The actual recovery rate is subject to significant uncertainty due to factors such as the defendants' responsible assets and the progress of related share disposals. Currently, the main enforcement work of this case involves the disposal of Huaying Technology shares held by Chunghwa Picture Tubes (Bermuda) Co., Ltd.

I. Basic Situation of the Major Lawsuit

The Fujian Provincial Higher People's Court (hereinafter referred to as "Fujian High Court") decided on January 4, 2019, to accept the civil lawsuit filed by Huaying Technology (Group) Co., Ltd. (hereinafter referred to as "Huaying Technology" or "the Company") against Chunghwa Picture Tubes (Bermuda) Co., Ltd. (hereinafter referred to as "Huaying Bermuda"). Subsequently, Huaying Technology added Datong Co., Ltd. (hereinafter referred to as "Datong Company") and Chunghwa Picture Tubes Co., Ltd. (hereinafter referred to as "Chunghwa Picture Tubes") as defendants in the aforementioned lawsuit.

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