300716SZSE
🚨 Material Event

Announcement on the Progress of Major Litigation Involving the Company

*ST Quanwei Co., Ltd.··3 pages

✨ AI Summary

This announcement details the arbitration ruling on a loan dispute between Shandong XinChuang and Guangdong QuanWei Technology. The arbitration committee ordered Shandong QuanWei New Energy to repay RMB 100 million in principal, plus interest and penalties, totaling RMB 124.392 million. Guangdong QuanWei Technology is jointly and severally liable for these debts.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

Securities Code: 300716

Securities Abbreviation: *ST QuanWei

Announcement Number: 2026-073

Guangdong QuanWei Technology Co., Ltd.

Announcement on the Progress of Major Litigation Involving the Company

The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

Key Information Prompt:

  1. Arbitration stage: Hearing concluded

  2. Party status of the Company and its subsidiaries: Respondent

  3. Amount involved: RMB 124.392 million

  4. Impact on the Company's profit and loss: The case has concluded. The Company will make corresponding accounting treatments based on the subsequent execution of the case and the requirements of relevant accounting standards. The specific impact is subject to the Company's subsequent financial accounting results.

I. Basic Situation of the Arbitration

Recently, Guangdong QuanWei Technology Co., Ltd. (hereinafter referred to as the "Company") and its holding subsidiary Shandong QuanWei New Energy Technology Co., Ltd. (hereinafter referred to as "Shandong QuanWei") received the arbitration award from Zaozhuang Arbitration Commission regarding the loan contract dispute between Shandong XinChuang Emergency Loan Service Co., Ltd. (hereinafter referred to as "Shandong XinChuang") and Guangdong QuanWei Technology Co., Ltd. and Shandong QuanWei New Energy Technology Co., Ltd. (Arbitration No. [2026] Zao Arbitration Zi No. 86). For previous announcements on this case, please refer to the "Announcement on Major Litigation Involving the Company" disclosed by the Company on Juchao Information Network (www.cninfo.com.cn) on April 13, 2026 (Announcement No.: 2026-033).

II. Progress of This Arbitration Case

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.