Core Viewpoint - The announcement details the freezing of bank accounts of Tianli Lithium Energy Group Co., Ltd. and its wholly-owned subsidiary Sichuan Tianli Lithium Energy Co., Ltd. due to a contractual dispute with Dongguan Yifu Machinery Technology Co., Ltd. [1][3] Summary by Sections 1. Basic Situation of Frozen Bank Accounts - A total of 6,687,522.06 RMB has been newly frozen, bringing the total frozen funds to 9,119,903.81 RMB as of the announcement date [2]. 2. Reason for Freezing - The freezing of bank accounts is a result of a counterclaim made by Yifu Machinery during the litigation process regarding a sales contract dispute with Sichuan Tianli [3]. 3. Company's Follow-up Measures - The company has engaged a lawyer to file a lawsuit, and the case is currently in the trial process. The company aims to expedite legal proceedings to lift the account freeze [4]. 4. Impact on the Company - The total frozen funds represent 0.46% of the company's latest audited net assets and 3.30% of the year-end cash balance, which is 276.24 million RMB. The company maintains a positive cash flow from operating activities of 123.89 million RMB [5]. - The company's total assets amount to 3.17 billion RMB, with equity attributable to shareholders at 1.94 billion RMB, indicating a strong asset base and risk resilience. The frozen funds constitute a small portion of the overall assets, and other bank accounts remain operational, ensuring normal cash flow for daily operations [5][6]. - The company reports that normal business operations have not been significantly affected by the account freeze, and the overall operational stability is maintained [6]. 5. Other Matters - The company will continue to monitor the situation and cooperate with judicial processes, ensuring compliance with relevant laws and regulations for timely information disclosure [6].
天力锂能集团股份有限公司关于公司银行账户新增资金冻结事项的公告