Securities Code: 300157 Securities Abbreviation: Xin Jin Dong Li Announcement No.: 2026-021 Xin Jin Dong Li Group Co., Ltd. Announcement on Arbitration Progress of Wholly-Owned Subsidiary and Accumulated Litigation and Arbitration Status of the Company
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Key Information Prompt:
- Langfang Xin Sai Pu Special Equipment Co., Ltd. (hereinafter referred to as "Xin Sai Pu"), a wholly-owned subsidiary of Xin Jin Dong Li Group Co., Ltd. (hereinafter referred to as "the Company"), recently received the "Final Arbitration Award" and "Supplemental Arbitration Award" from the overseas accepting court regarding the contract dispute between Xin Sai Pu and Sealand Engineering and Well Services Asia-Kish (Chinese name: Asian Kish Offshore Oilfield Services Company, hereinafter referred to as "Asia Kish Company"). The court ruled that Asia Kish Company should pay Xin Sai Pu the principal amount of €5.651 million, compensation for delayed payment of debt, and damages for arbitration fees and lawyer's fees; at the same time, Xin Sai Pu should also pay part of the lawyer's fees loss to Asia Kish Company. The impact of this arbitration award on the company's operating performance will be subject to the data audited by the accountant.
- Investors are kindly requested to pay attention to the risk warning content and be aware of investment risks.
I. Basic Situation of Arbitration
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Arbitration Parties Applicant: Langfang Xin Sai Pu Special Equipment Co., Ltd. Respondent: Sealand Engineering and Well Services Asia-Kish
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Basic Case Information In July 2024, Xin Sai Pu initiated arbitration with the overseas accepting court regarding the contract dispute with Asia Kish Company, requesting Asia Kish Company to pay the outstanding amount of approximately €5.6517 million. For the specific content of the case, please refer to the "Announcement on the Arbitration Matters Involving the Wholly-Owned Subsidiary and the Progress of the Company's Litigation and Accumulated Litigation, Arbitration and Progress" (Announcement No.: 2024-049) published by the Company on Juchao Information Network on July 8, 2024.