Suzhou Chunxing Precision Technology Co., Ltd.
Announcement Regarding Litigation Matters
The Company and all members of its 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 Reminder:
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Litigation Stage: The court has accepted the case, and a hearing has not yet been scheduled.
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Party Status of the Listed Company: Defendant.
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Amount Involved: RMB 165.8573 million plus interest.
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Impact on the Company's Profit and Loss: The principal and interest related to the debt in this litigation have been accounted for in the Company's financial statements in accordance with enterprise accounting standards and financial reporting rules. As the case has not yet been heard, it is not possible to accurately determine the impact of this matter on the Company's current or future financial condition. The Company will make appropriate accounting adjustments based on relevant accounting standards and actual circumstances, and will fulfill its information disclosure obligations in a timely manner according to the rules. Investors are kindly reminded to pay attention to investment risks.
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As of the disclosure date of this announcement, the cumulative amount of outstanding litigation and arbitration cases has exceeded 100% of the audited net assets for 2025, and the final judgment results are uncertain. If the Company loses in the relevant litigation or arbitration, it may have to bear additional expenses such as litigation fees, legal fees, and preservation fees, which may further exacerbate the Company's capital pressure. If not resolved properly in the short term, the Company may face default risks, leading to increased financial expenses; it may also weaken the Company's financing capabilities and worsen the tight capital situation, posing certain financial risks to the Company, and thus adversely affecting the Company's daily operations. Investors are kindly reminded to pay attention to investment risks.
I. Basic Situation of the Litigation
Suzhou Chunxing Precision Technology Co., Ltd. (hereinafter referred to as "the Company" or "Chunxing Precision") recently received a summons from the Jinzhai County People's Court of Anhui Province [ (2026) Wan 1524 Min Chu No. 5199 ]. Jinzhai Huijin Investment Co., Ltd. has filed a lawsuit against the Company's subsidiary, Jinzhai Chunxing Precision Technology Co., Ltd. (hereinafter referred to as "Jinzhai Chunxing"), and the Company due to a loan contract dispute.
II. Basic Case Information
(I) Parties to the Litigation
Plaintiff: Jinzhai Huijin Investment Co., Ltd.
Defendant 1: Jinzhai Chunxing Precision Technology Co., Ltd.
Defendant 2: Suzhou Chunxing Precision Technology Co., Ltd.