Litigation & Arbitration Announcements

Suzhou Tianwo Technology Co., Ltd. announces updates on two major litigation cases involving its subsidiary, Zhangjiagang Jiangnan Forging Co., Ltd. Case one has been settled, with enforcement sought due to non-payment. Case two's claim amount has been increased. The total disputed amount is now RMB 22.9318 million. The impact on the company's current and future profits is currently undetermined.

Suzhou Chunxing Precision Industry Co., Ltd. announces that its wholly-owned subsidiary, Huizhou Chunxing Precision Industry Co., Ltd., has appealed a first-instance judgment regarding a sales contract dispute. The case involves RMB 30.26 million plus overdue interest. Huizhou Chunxing has accrued a provision of RMB 30.67 million for this case. The appeal is currently pending, and the outcome remains uncertain.

Inner Mongolia Oujing Technology Co., Ltd. announces a lawsuit filed by China Railway Third Bureau Group Co., Ltd. against its subsidiary and related parties for construction contract disputes. The total claim is approximately RMB 89.53 million. The company states it is not a party to the contract and expects no material impact on current or future profits, as asset preservation measures have been lifted.

Zhejiang Shangshi Investment Group Co., Ltd. received a first-instance civil judgment from Hangzhou Intermediate People's Court regarding a sales contract dispute. The court ordered defendants to pay approximately RMB 1.63 billion in goods payment and related losses. The company's lawsuit claims were fully supported. The impact on current or future profits is currently indeterminable.

This announcement provides an update on the company's cumulative litigation and arbitration cases. It details ongoing legal proceedings, including those initiated by the company and its subsidiaries, as well as cases where they are defendants. The financial impact of these cases remains uncertain, pending final court decisions.

This announcement details the ongoing litigation between Zhongdi Investment's subsidiary, Chongqing Zhongmei Heng Real Estate, and Chongqing Three Gorges Bank regarding a loan default. Following a final court judgment, the bank initiated enforcement proceedings, leading to the judicial auction of shares held by the company's former controlling shareholder. Consequently, the company underwent a change in control, and the court is currently attempting to dispose of the company's equity in Kangping High-speed Rail Technology to satisfy debts.

This announcement details the progress of a lawsuit initiated by Delong Composite Energy Group Co., Ltd. against Guangxi Guangyou Petrochemical Technology Co., Ltd. The case involves a dispute over the payment for liquefied natural gas. The court has ruled in favor of Delong Composite Energy, ordering Guangxi Guangyou to pay the outstanding amount. This ruling is expected to have no significant impact on the company's financial performance.

Shenzhen Saige New City Construction Development Co., Ltd. is involved in a sales contract dispute. A court has ordered the auction of 51 properties to settle a debt of RMB 99,119,806.81. An additional property will also be auctioned, with the sale price impacting the company's profit.

Guangdong Xinghui Precision Manufacturing Co., Ltd. and its subsidiary Shenzhen Zibao Innovation Technology Co., Ltd. have been listed as dishonest judgment debtors due to a lawsuit with a claim amount of RMB 26.4712 million. The company has accrued provisions for the interest loss of RMB 2.4639 million. The company states this will not significantly impact normal operations.

This announcement details the progress of a major litigation case where the company's subsidiary, Shenzhen Xinning, is the plaintiff. The first-instance court ruled in favor of Shenzhen Xinning, ordering the defendant, Zhuhai Guanyu, to pay RMB 64,526,379.32 plus interest. The ruling is not yet effective, and its impact on the company's profits remains uncertain.

The company's wholly-owned subsidiary, Langfang Xin Sai Pu, received final and supplemental arbitration awards regarding a contract dispute with Sealand Engineering. The awards order Sealand to pay Xin Sai Pu €5.65 million plus interest and arbitration costs, while Xin Sai Pu must also pay some of Sealand's legal fees. The financial impact will be determined by auditors.

Huaxi Energy announced a progress update on a major lawsuit. The plaintiff, Sichuan Hongzhou Machinery Equipment Leasing Co., Ltd., initially sued Huaxi Energy and others for RMB 27.78 million in engineering fees. The court had previously ruled to dismiss the case upon the plaintiff's withdrawal. However, the plaintiff has refiled the lawsuit, seeking RMB 27.88 million plus interest. The outcome remains uncertain.

The company received a notice from the Shanghai Financial Court regarding the resumption of enforcement proceedings for a contract dispute. The court ordered the company to fulfill its payment obligations based on a previous judgment. The company has already provisioned for the potential compensation and does not expect a significant impact on current profits.

This announcement details the final judgment in a lawsuit where the company's subsidiary, Tiantai Weihai Construction Investment, was the defendant. The court ordered the subsidiary to pay RMB 32.73 million in project costs and RMB 25.92 million for economic losses due to project delays. The company had already provisioned for these losses in 2025, so the ruling will not significantly impact current profits.

This announcement details a new arbitration case filed by Shanghai Meinong Golf Engineering Co., Ltd. against Beijing Changdao Municipal Engineering Co., Ltd., a wholly-owned subsidiary, for RMB 9,937,669.37. The company is actively responding to protect shareholder interests. The impact on current and future profits is uncertain.

Jiangsu Baoxin Technology Co., Ltd. announces new cumulative litigation and arbitration cases totaling approximately RMB 18.36 million. The company and its subsidiaries have added new cases exceeding the disclosure threshold. The impact on current and future profits is uncertain, and the company will comply with disclosure rules.

This announcement details the progress of a lawsuit filed by Henan Meng Chuang Construction Development Co., Ltd. against Palm Eco-Town Development Co., Ltd. The plaintiff has withdrawn its lawsuit, and the court has approved this withdrawal. This development is not expected to have a significant adverse impact on the company's operations or profits.

Fujian Sanmu Group Co., Ltd. has received a summons regarding a lawsuit filed by Fujian Yunxiao Shengcheng Economic Development Co., Ltd. The plaintiff seeks to terminate sales contracts, refund payments of RMB 41,065,920, and claim RMB 8,213,184 in liquidated damages. The company's bank accounts have been frozen as a precautionary measure, impacting liquidity.

This announcement details the progress of arbitration enforcement between Shenzhen High-Tech Progress and the Qitaihe City government. The parties have reached a settlement agreement, offsetting mutual debts and resolving the dispute. The company has paid the remaining amount, fulfilling its obligations and concluding the arbitration.

Wuhan Tianyu Information Industry Co., Ltd. announces progress on two major lawsuits. The first involves a RMB 213 million loan dispute, for which the company has appealed an unfavorable ruling. The second concerns alleged unauthorized guarantees for a RMB 57 million loan, which the company denies involvement in and is investigating.

The company received a counterclaim from Beijing Lisi Chen Computer Technology Co., Ltd. regarding a previous arbitration. The counterclaim seeks to invalidate receivables totaling RMB 148.49 million and related agreements. The company has fully provisioned for these receivables, expecting minimal impact on current or future profits. The company is actively responding to the counterclaim.

This announcement details a major lawsuit filed by Fuyang Yingquan Rural Commercial Bank against Anhui Huibao, Zhejiang Nandou Power, and individuals, seeking repayment of RMB 144.99 million. The company and its subsidiaries are defendants. The outcome is uncertain, impacting potential future profits.

This announcement details cumulative litigation and arbitration cases involving Happy Blue Sea Film and Television Culture Group and its subsidiaries. The total amount involved in ongoing cases is RMB 3,923.58 million, representing 10.12% of the company's net assets. The company is actively pursuing claims and defending against lawsuits to protect its interests.

This announcement details the progress of a major litigation matter for Wuxi Lontone Network Co., Ltd. The company received an appeal brief regarding a lawsuit where it was the defendant. The first instance ruled in favor of the company, but the appeal is ongoing. The financial impact remains uncertain pending the final court decision.

This announcement details a lawsuit initiated by Quzhou Manufacturing Industry Investment Group against Zhejiang New Asia Zhongning New Energy Co., Ltd. (a subsidiary) and its guarantors over a loan dispute. The parties have reached a mediation agreement, and a new repayment agreement has been signed with a new creditor, extending the repayment period and easing liquidity pressure for the subsidiary.

This announcement details the progress of a major litigation involving the company's controlled subsidiary, Shenzhen Haoneng. The court ruled in favor of Shenzhen Haoneng, ordering Chongqing Xinyu to pay equipment and warranty fees totaling RMB 36,545,000.00 plus late payment penalties. The company is awaiting the appeal period to conclude before assessing the financial impact.

This announcement details the company's cumulative litigation and arbitration cases over the past twelve months. The total amount involved in new cases is RMB 184.58 million, representing 11.77% of the company's net assets. The company is actively managing these cases, with outcomes for some still uncertain and potentially impacting future profits.

This announcement details new litigation and arbitration cases filed between April 24 and June 16, 2026. The total amount involved is RMB 84.30 million, representing 13.63% of the company's net assets. Cases where the company is the plaintiff total RMB 7.65 million, while cases where it is the defendant total RMB 76.65 million. The company is actively handling these matters.

Shenzhen Jianyi Decoration Group Co., Ltd. announced a court ruling in its decoration and construction contract dispute with Changsha Chenglong Real Estate Development Co., Ltd. The court ordered the defendant to pay RMB 13,551,584.05 in engineering fees and overdue interest. Wuhan Dangdai Real Estate Development Co., Ltd. is jointly and severally liable. The company's other claims were dismissed.

Anhui Fuhuang Steel Structure Co., Ltd. announces new cumulative litigation and arbitration matters totaling approximately RMB 249.066 million, exceeding 10% of its net assets. The majority of these cases, RMB 242.2724 million, involve the company and its subsidiaries as defendants. The company will actively respond to these lawsuits and monitor their progress.

The company received a notice from Linyi Intermediate People's Court to resume enforcement of a 2020 arbitration award. The company is ordered to fulfill outstanding obligations, pay double interest on delayed payments, and bear execution fees. The company states no other significant litigation or arbitration matters are pending.

This announcement details new litigation and arbitration cases filed by Palm Eco-Town Development Co., Ltd. and its subsidiaries between May 21 and June 16, 2026. The total amount involved is RMB 2,846.87 million, representing 6.76% of the company's net assets. The company is actively managing these cases, with no single case exceeding 10% of net assets.

This announcement details the progress of a lawsuit filed by Chongqing Huicheng Future Intelligent Electric Co., Ltd. against Gauss New Energy Vehicle Technology (Jiangsu) Co., Ltd. and two individuals. The case, involving a sales contract dispute of RMB 71.37 million plus late payment penalties, has been transferred to the Chongqing First Intermediate People's Court for trial. The impact on the company's profits remains uncertain.

The company announces a lawsuit filed by Tong Yougang against its subsidiary, Changxing Blue Sun Urban Construction Co., Ltd., with the company as a third party. The claim is for RMB 11.78 million in engineering payments. The case is in its first trial, and the impact on the company's finances is currently unevaluable.

Jiangyin BiaoBang Auto Parts Co., Ltd. announces two patent infringement lawsuits filed by AFT Automotive Co., Ltd. The plaintiff seeks to stop infringement and claims damages of RMB 4 million and RMB 3 million respectively. The company denies the claims, asserts its commitment to innovation, and will actively defend its legal rights. The outcome remains uncertain and will be determined by court rulings.

This announcement provides an update on the litigation and arbitration cases involving Shenzhen Silver Base New Material Technology Co., Ltd. and its subsidiaries. It details the progress of ongoing cases and confirms no undisclosed matters exist. The financial impact of these unresolved cases on current or future profits cannot yet be determined.

The company has decided not to appeal the first-instance ruling in Case 1, which dismissed its claims against Chongqing Meida. The company will pursue other avenues to recover its losses. Case 2 is still pending. The company has already provisioned for bad debts related to these loans.

This announcement details the first-instance judgment in a lawsuit filed by Yongtai Logistics' wholly-owned subsidiary. The court ruled in favor of the subsidiary, confirming claims for goods, services, liquidated damages, legal fees, and guarantee fees totaling approximately RMB 39.87 million. The defendants are ordered to pay, with some facing joint and several liability. The outcome's impact on the company's profit is uncertain due to potential appeals.

This announcement details a lawsuit filed by Tangshan Dunshi Construction Engineering Co., Ltd. against three companies for unpaid engineering fees totaling 41.40 million RMB. The total accumulated litigation and arbitration amount for the company and its subsidiaries exceeds 10% of net assets. The financial impact remains uncertain pending court decisions or settlements.

Wuxi Snow Wave Environmental Technology Co., Ltd. announced the progress of a major lawsuit. The court ruled that the company must repay a loan of RMB 80 million plus interest and legal fees. The company is considering an appeal. The outcome of this lawsuit and its impact on the company's profits are still uncertain.

Shandong Meichen Technology Group Co., Ltd. announces the progress of a major litigation matter. Its wholly-owned subsidiary, Hangzhou Seishi Landscape Group Co., Ltd., has withdrawn a lawsuit against Gaotang County Public Utilities Construction Service Center. The withdrawal follows the defendant's commitment to repay outstanding engineering fees, resolving the dispute and protecting the company's legitimate interests.

This announcement details the progress of a major litigation case involving Shenzhen Lianteng Technology Co., Ltd. and Jiangmen Keheng Industrial Co., Ltd. The second instance upheld the original judgment, with Shenzhen Lianteng ordered to repay a loan of RMB 22.92 million plus interest and legal fees. The company has fully provisioned for bad debt, and the final impact on profits depends on actual recovery.

This announcement details the progress of a lawsuit involving Jiangsu Blue-Green Biochemical Co., Ltd.'s controlled subsidiary, Anhui Xuhe New Energy Technology Co., Ltd. The case, concerning product delivery delays, has concluded with a second-instance mediation. The subsidiary will pay Jiangsu Yuhui New Energy Technology Co., Ltd. RMB 1.85 million and cover certain court fees, totaling RMB 195.36 million.

This announcement details the progress of a lawsuit filed by Taiyuan Branch of Shanxi Bank against Shanxi Tongde Chemical and its subsidiaries. The first-instance judgment orders the company to repay a loan of RMB 94 million plus interest and penalties. The company believes the judgment will not significantly impact current or future profits.

Shandong Yabao Technology Co., Ltd. announces new litigation and arbitration cases totaling RMB 14.46 million. These cases represent approximately 7.13% of the company's net assets. The company is actively responding to these cases, and their impact on current or future profits is uncertain.

Shenzhen Sanyi Construction System Co., Ltd., a wholly-owned subsidiary of Shandong Yabo Technology Co., Ltd., has filed a lawsuit against Shandong Quanwei New Energy Technology Co., Ltd. and Beijing (Hainan) Holding Group Co., Ltd. for construction contract disputes. The lawsuit seeks payment of RMB 84,002,175.74 in outstanding project payments and RMB 28,770,656.91 in overdue payment penalties.

This announcement details new litigation and arbitration cases involving the company and its subsidiaries. Eight new cases have been filed since May 19, 2026, totaling RMB 11.6762 million, representing 18.45% of the company's net assets. The outcome of these cases is uncertain and may impact future profits.

RongSheng Development's subsidiary is involved in a lawsuit where the plaintiff claims RMB 26.2981 million in engineering fees and interest from the subsidiary and its related party. The case is in its first trial, and the impact on the company's profits is uncertain. The company is actively communicating and will handle accounting according to relevant standards.

Zotye Auto announces a debt settlement agreement with Chongqing Liangshan Construction Investment Group and Chongqing Liangshan Construction Development. The settlement involves approximately RMB 170.3 million, with a portion paid upfront and the remainder in installments over seven years. This agreement is expected to improve the company's credit standing and facilitate the resumption of production.

This announcement details a lawsuit filed by COFCO Sugar (Tianjin) Co., Ltd. against Guangxi Rural Investment Sugar Industry Group's subsidiary, Nanning Yunou Logistics Co., Ltd. The court has ruled to dismiss the plaintiff's claims. The company will continue to disclose updates on this and other litigation matters.