开庭费都凑不齐！涉周星驰仲裁案终止，原A股公司苦等前实控人退还6000万元占用资金

Core Viewpoint - The arbitration case between Shanghai New Culture Media Group Co., Ltd. and Stephen Chow has been delayed due to funding shortages, leading to its termination on April 21, 2025, without any judgment on the substantive disputes between the parties [1][2]. Group 1: Arbitration Case Details - The arbitration case stems from a "betting agreement" signed in 2016, which was linked to New Culture Group's investment in Stephen Chow's film "The Mermaid" [3]. - New Culture Group's subsidiary, New Culture Hong Kong, signed an agreement to acquire 40% of PREMIUMDATA ASSOCIATES LIMITED (PDAL) from Stephen Chow, while Young & Young International Corporation (Y&Y) agreed to acquire 11% of PDAL from Chow [3][4]. - Chow committed to achieving a total net profit of RMB 1.04 billion for PDAL over four fiscal years, with provisions for buyback rights if he failed to meet these targets [4]. Group 2: Financial Implications - The arbitration has lasted over four years, costing more than RMB 20 million, with approximately RMB 5 million still owed, and additional costs exceeding RMB 16 million anticipated if the case proceeds to a hearing [5]. - New Culture Group's business activities have come to a halt, and the arbitration-related expenses can only be covered by the RMB 60.11 million that Y&Y is expected to refund, which has not yet been received [6].