Zhongtai Automobile Co., Ltd. (hereinafter referred to as "the Company" or "Zhongtai Automobile") recently received the civil judgment (2026) Yue 03 Min Zhong 14600 issued by the Shenzhen Intermediate People's Court of Guangdong Province. The preliminary details of this case can be found in the announcements disclosed by the Company on the Giant Tide Information Network (www.cninfo.com.cn) on December 6, 2025, regarding the judicial freezing of shares in the special account for the disposal of bankrupt enterprise assets (Announcement No. 2025-108); December 9, 2025, regarding the court's ruling on the lifting of the judicial freeze on shares in the special account (Announcement No. 2025-109); December 10, 2025, regarding the court's ruling on the lifting of the judicial freeze (Announcement No. 2025-110); December 11, 2025, regarding the partial lifting of the judicial freeze on shares (Announcement No. 2025-111); and May 12, 2026, regarding the judicial freezing of shares in the special account (Announcement No. 2026-034). The final judgment results are as follows:
000980SZSE
🚨 Material Event
Announcement on the Progress of Litigation Matters
✨ AI Summary
This announcement details the recent final judgment from the Shenzhen Intermediate People's Court regarding a loan dispute between Zhongtai Automobile and Lixun Industrial. Zhongtai is ordered to repay a principal of 78.2 million yuan and interest of 5.4228 million yuan. The company confirms that this judgment will not increase its liabilities, and it will manage the financial implications according to accounting standards.
Summary generated by AI · Always verify with source document
Full Translation
AI Translation· azure_openai
Sign in to read the full translation
Free accounts get 10 full releases per month. Pro subscribers get unlimited access.