GenSho Logistics(SH:603813) Zheng Quan Zhi Xing·2025-04-03 09:17Core Viewpoint - Guangdong Yuanshang Logistics Co., Ltd. has announced that part of its bank accounts has been frozen due to a legal dispute with Guangdong Huahui Construction Co., Ltd. regarding a construction project [1][2]. Group 1: Frozen Bank Accounts - The company has confirmed that a total of 30,000,000.00 CNY (approximately 4.5 million USD) in its Agricultural Bank of China account has been frozen [1]. - The total amount frozen across all accounts is 36,171,693.92 CNY (approximately 5.4 million USD), which represents 5.35% of the company's most recent audited net assets [3][4]. Group 2: Legal Dispute Details - The dispute arises from a construction contract for the Yuanshang headquarters project, where Huahui Construction is demanding payment of 33,845,471.54 CNY (approximately 5.1 million USD) for project completion [1]. - The company has filed a counterclaim against Huahui Construction for a total of 14,328,126.1 CNY (approximately 2.1 million USD) due to delays and associated costs [1]. Group 3: Company Response - The company states that the frozen funds are from fixed deposits and will not affect overall cash flow or daily operations [3][4]. - The company is actively communicating with relevant parties to resolve the issue and is preparing for legal proceedings to protect its and investors' rights [1][4].