300169SZSE
🚨 Material Event

Announcement on the Progress of Major Litigation Matters

Tiansheng New Materials Co., Ltd.··3 pages

✨ AI Summary

This announcement details the final judgment in a shareholder capital contribution dispute between Tian Sheng New Material and Zhongtie Rail Transit. The court rejected Tian Sheng's appeal, upholding the original ruling that it must pay 43.65 million RMB plus interest. The litigation is not expected to materially impact the company's current or future profits.

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Full Translation

AI Translation· gemini_document

Securities Code: 300169 Securities Abbreviation: Tian Sheng New Material Announcement No.: 2026-058

Changzhou Tian Sheng New Material Group Co., Ltd.

Announcement on the Progress of Major Litigation Matters

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.

Important Reminders:

  1. Litigation stage of the case (Zhongtie Rail Transit vs. Company Shareholder Capital Contribution Dispute): Final judgment.

  2. Party status of the Company: Appellant, original defendant.

  3. Amount involved: 43.65 million RMB.

  4. Impact on the Company's profit and loss: The case of Zhongtie Rail Transit vs. Company Shareholder Capital Contribution Dispute has been finally judged. This litigation will not have a significant adverse impact on the Company's current and future profits. The Company will make corresponding accounting treatments in accordance with enterprise accounting standards, which will be subject to the company's audited financial report.

Changzhou Tian Sheng New Material Group Co., Ltd. (hereinafter referred to as the "Company" or "Tian Sheng New Material") and China High-Speed Rail Industrial Co., Ltd. (hereinafter referred to as "China High-Speed Rail") jointly established China Rail Transit Equipment Co., Ltd. (hereinafter referred to as "Zhongtie Rail Transit") on January 8, 2018. The initial registered capital was RMB 90 million. China High-Speed Rail held a 55% stake, with a subscribed and paid-in capital of RMB 49.5 million. Tian Sheng New Material held a 45% stake, with a subscribed and paid-in capital of RMB 40.5 million.

In June 2019, the registered capital of Zhongtie Rail Transit was increased from RMB 90 million to RMB 550 million. Shareholders subscribed and contributed capital in cash according to their shareholding ratios. The Company subscribed capital of RMB 207 million according to its original shareholding ratio. The capital increase funds were to be contributed by all shareholders in installments according to their shareholding ratios based on Zhongtie Rail Transit's needs.

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