Securities Code: 300477
Securities Abbreviation: ST Hezhong
Announcement No.: 2026-048
Hezhong Technology Co., Ltd.
Announcement on Progress of Major Litigation Regarding Receipt of Execution Notice and Execution Ruling
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.
Key Information Prompt:
-
Litigation stage: Enforcement
-
Company's party status: Judgment debtor
-
Amount involved: Case 1 amount is RMB 77,825,743.99, Case 2 amount is RMB 277,505,351
-
Impact on the Company's profit or loss: The specific accounting treatment and impact will be subject to the Company's annual audit report.
I. Basic Situation of this Enforcement Matter
(I) Case 1: Dispute over Capital Increase Contract between the Company and Huayou Holding Group Co., Ltd.
In January 2022, Huayou Holding Group Co., Ltd. increased its capital in Hezhong Technology Co., Ltd.'s (hereinafter referred to as the "Company") controlling shareholder, Hunan Yacheng New Energy Co., Ltd. (formerly known as "Hunan Yacheng New Materials Co., Ltd." at the time of capital increase). According to the "Supplementary Agreement to the Capital Increase and Share Expansion Agreement of Huayou Holding Group Co., Ltd. for Hunan Yacheng New Materials Co., Ltd.", the Company has equity repurchase obligations under specific conditions. The Company failed to fulfill its repurchase obligations on time, and in May 2025, Huayou Holding Group Co., Ltd. filed a lawsuit against the Company. For details, please refer to the "2025 Annual Report" disclosed by the Company on Juchao Information Network on April 29, 2026.