Securities Code: 002547
Securities Abbreviation: *ST Chunxing
Announcement No.: 2026-080
Suzhou Chunxing Precision Technology Co., Ltd.
Announcement on the Progress of Litigation Involving the Company and Its Subsidiaries
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Reminders:
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Litigation Stage: Case one is in the execution phase; Case two has been finally adjudicated.
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Party Status of the Listed Company: Case one is the execution applicant; Case two is the appellant (first-instance defendant).
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Amount Involved: Case one: RMB 108 million in equity transfer arrears plus overdue interest; Case two: RMB 38.2634 million.
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Impact on the Listed Company's Profit and Loss: Case one is currently in the execution phase and will not have an adverse impact on the company's current or subsequent profits. The final impact on the company will be based on the execution results and data confirmed by the accounting firm. Case two: Huizhou Chunxing has already accrued a provision for contingent liabilities of RMB 38.2634 million for this case in 2025. The outcome of this judgment will not affect the company's current or subsequent profits. The final impact on the company will be based on the execution results and data confirmed by the accounting firm.
I. Basic Situation of the Lawsuits
(I) Basic Situation of Case One
Suzhou Chunxing Precision Technology Co., Ltd. (hereinafter referred to as the "Company" or "Chunxing Precision") filed a lawsuit with the Suzhou Industrial Park People's Court (hereinafter referred to as the "Court") against Suzhou Industrial Park K'an United Technology Co., Ltd. and Mr. Sun Jiao for the outstanding payment of 100% equity transfer from Huizhou ZeHong Technology Co., Ltd. For details, please refer to the "Announcement on Initiating Litigation" disclosed by the Company on Juchao Information Network and designated information disclosure media on February 15, 2025 (Announcement No.: 2025-010).
The Court heard the case and issued a "Civil Judgment" [(2025) Su 0591 Min Chu No. 3080]. The judgment ordered the defendant, Suzhou Industrial Park K'an United Technology Co., Ltd., to pay the plaintiff Chunxing Precision the equity transfer payment of RMB 108 million within 10 days from the effective date of this judgment, and to pay interest calculated based on the one-year loan market quotation rate published by the National Interbank Funding Center from December 1, 2022, to the actual payment date. Defendant Sun Jiao shall bear joint and several liability for the aforementioned payment. For details, please refer to the "Announcement on Litigation Progress" disclosed by the Company on Juchao Information Network and designated information disclosure media on August 12, 2025 (Announcement No.: 2025-069).