Securities Code: 300010
Securities Abbreviation: ST Dou Shen
Announcement Number: 2026-045
Dou Shen Education Technology (Beijing) Co., Ltd.
Announcement on the Company Signing a Major Litigation and Arbitration "Settlement Agreement" and Debt Restructuring
The company and the entire board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Key Information Prompt:
● To properly handle historical issues, accelerate the recovery of accounts receivable, and reduce potential bad debt losses due to uncertain collections, Dou Shen Education Technology (Beijing) Co., Ltd. (hereinafter referred to as the "Company") plans to undergo debt restructuring and sign a "Settlement Agreement" with Beijing Lisi Chen Computer Technology Co., Ltd., Beijing Chenguang Rongxin Technology Co., Ltd., Beijing Chenguang Rongxin Enterprise Management Center (Limited Partnership), Beijing Chengzheng Enterprise Management Co., Ltd., and Mr. Pan Fengyan. This debt restructuring aligns with the company's actual situation and development needs. It is expected to have a positive impact on the company's current financial situation. Preliminary calculations by the finance department estimate a debt restructuring gain of approximately RMB 56.7021 million, with the final impact amount subject to the audit results of the accounting firm.
● Assuming all parties fulfill their obligations under the "Settlement Agreement" on schedule, this "Settlement Agreement" serves as a comprehensive and final solution for the arbitration dispute and related matters. All parties signing the agreement will no longer have any other payment obligations, compensation, or damages liabilities towards the company, and all parties will not pursue each other regarding historical arbitration disputes and related matters. This settlement will help properly resolve relevant arbitration disputes and ensure the company's sustained and stable healthy development. Please refer to Appendix I of this announcement for the "List of Arbitration Disputes and Related Matters."
● The debt restructuring matter still requires the arbitration tribunal to issue an "Arbitration Mediation Document." During the execution of the agreement, the specific recovery of accounts receivable, the performance of debtors and guarantors, and whether the mortgaged properties can be successfully de-registered remain uncertain. The company will closely monitor and fulfill its information disclosure obligations based on the progress of these matters.
I. Overview of the Company's Major Litigation and Arbitration Matters and Debt Restructuring
(I) Overview of the Company's Major Litigation and Arbitration Matters
In 2025, the Company, as the applicant, initiated a commercial arbitration with the Beijing Arbitration Commission against Beijing Lisi Chen Computer Technology Co., Ltd. (hereinafter referred to as "Lisi Chen Computer," "Respondent I," "Party B"), Beijing Chenguang Rongxin Technology Co., Ltd. (hereinafter referred to as "Respondent II," "Party C"), Beijing Chenguang Rongxin Enterprise Management Center (Limited Partnership) (hereinafter referred to as "Respondent III," "Party D"), and Beijing Chengzheng Enterprise Management Co., Ltd. (hereinafter referred to as "Respondent IV," "Party E") regarding debt and equity matters (hereinafter referred to as the "North Arbitration Case"). The Company's arbitration claims primarily include: ordering Lisi Chen Computer to pay accounts receivable of RMB 141.2205 million, fund occupation fees of RMB 6,616.09 million (provisionally calculated as of March 31, 2025), and other losses and expenses, totaling RMB 207.8864 million, and ordering the other respondents to bear joint and several liability. The North Arbitration Case was accepted by the Beijing Arbitration Commission in April 2025 and is currently under trial. For details, please refer to the "Announcement on the Company Initiating Arbitration" disclosed by the Company on April 29, 2025 (Announcement Number: 2025-016).