Sales and Payment Issues - The company sold 32,863,966 tons of graphite ore to Aspect Group Limited (AGL) for a total price of $296,433,000, with payment due by September 30, 2025[2] - AGL failed to make the payment by the agreed date, prompting the company to issue a default notice and consider all legal means to protect its interests[3] - The company rejected AGL's proposal to extend the payment deadline to December 31, 2026, or to return unused graphite ore due to uncontrollable risks in Madagascar[7] - A settlement agreement was signed on October 16, 2025, allowing AGL's collateral to be used to settle the outstanding payment[5] Political and Operational Challenges - The company believes that selling all production lines and facilities in Madagascar was a correct decision due to the unstable political situation[7] - The political instability in Madagascar has made sales, storage, production, transportation, and personnel deployment extremely challenging[7]
谊砾控股(00076) - 2025 - 年度业绩