Securities Code: 002204
Securities Abbreviation: Dalian Heavy Industry
Announcement Number: 2026-036
Dalian Huaxin Heavy Industry Group Co., Ltd.
Announcement on the Completion of Arbitration and Debt Restructuring of Wholly-Owned Subsidiary
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:
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Stage of the Case: The Singapore arbitration tribunal has made a final award, and the final creditor distribution of the debt restructuring has been completed.
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Party Status of the Listed Company: Dalian Huaxin Heavy Industry Group Co., Ltd. (hereinafter referred to as the "Company"), through its wholly-owned subsidiary Dalian Huaxin International Engineering Co., Ltd. (formerly Dalian Huaxin Heavy Industry International Trade Co., Ltd., hereinafter referred to as "Huaxin International"), is the applicant in the international arbitration.
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Amount Involved: USD 40,515,973.53
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Impact on the Company's Profit and Loss: The Company has fully provisioned for bad debts on the remaining unrecoverable amounts (performance bond deposits) related to the arbitration case. Upon receiving the final payment of AUD 6,087,544.95 (equivalent to RMB 28,981,584) under the DFA Company's restructuring plan, the full amount of the remaining provision will be written off. Considering that the insurance company has subrogation rights for related arbitration and legal fees, preliminary calculations by the finance department estimate an increase in total current profit of RMB 21,657,469.57 (subject to the final audited results by the accounting firm).