Securities Code: 002388 Securities Abbreviation: New Asia Process Announcement Number: 2026-039 New Asia Process (Zhejiang) Co., Ltd. Announcement Regarding Subsidiary's New Litigation, Mediation, and Signing of Repayment Agreement for Overdue Matters The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.
Special Notes:
- Litigation Stage: Mediation settlement before first-instance trial
- Company's Party Status: Defendant
- Amount Involved: Approximately RMB 153 million
- Impact on Company's Profit and Loss: The current litigation was triggered by the subsidiary's overdue debt and has been settled through court mediation. According to the mediation agreement, in addition to litigation costs (attorney fees, court acceptance fees paid to the plaintiff), the Company has no new payment obligations or compensation liabilities. The above matters have not had a significant adverse impact on the Company's production and operation or its sustainable operating capacity. The impact on the Company's current or future profits will be subject to actual execution and the annual audit results of the accounting firm.
I. Details of New Litigation New Asia Process (Zhejiang) Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Announcement on Overdue Debt of Subsidiary and Progress of Guarantee" (Announcement Number: 2026-010) on March 6, 2026. As of the date of that announcement, Zhejiang New Asia Zhongning New Energy Co., Ltd. (hereinafter referred to as "New Asia Zhongning", "Debtor", "Defendant One") had an outstanding loan principal of RMB 240 million. Subsequently, New Asia Zhongning actively raised funds and repaid RMB 100 million of the principal in April 2026.
Quzhou Manufacturing Industry Investment Group Co., Ltd. (hereinafter referred to as "Quzhou Manufacturing", "Plaintiff", "Original Creditor", "Transferor") recently filed a lawsuit with the court regarding the entrusted loan contract dispute between its wholly-owned subsidiary New Asia Zhongning and some guarantors, with an amount involved of approximately RMB 153 million.
Upon learning of the aforementioned lawsuit, New Asia Zhongning immediately reached a "Civil Mediation Statement" with Quzhou Manufacturing and all parties.