Hunan (SH:600476) Zheng Quan Zhi Xing·2025-05-20 10:20Core Viewpoint - The re-examination application by Hunan Xiangyou Real Estate Co., Ltd. was rejected, concluding the litigation process related to a contract performance dispute with Hunan Xiangyou Technology Co., Ltd. [1][7] Group 1: Litigation Background and Progress - The case involves a contract performance dispute where Hunan Xiangyou Technology filed a lawsuit against Hunan Xiangyou Real Estate for failing to cooperate in debt asset disposal [1][2] - The amount involved in the case is 16.9818 million yuan, accounting for 12.01% of the company's latest audited net assets [1] - The initial court hearing was scheduled for February 6, 2023, but was postponed to March 14, 2023, due to a counterclaim from the defendant [2] Group 2: Court Decisions - The first instance court rejected all claims from both Hunan Xiangyou Technology and Hunan Xiangyou Real Estate [3] - Hunan Xiangyou Technology appealed to the Changsha Intermediate People's Court, seeking to overturn the first instance judgment [3][4] - The final judgment from the Changsha Intermediate People's Court was delivered on December 21, 2023, but the specific ruling was not made at that time [4] Group 3: Execution and Property Transfer - Following the final judgment, Hunan Xiangyou Technology applied for enforcement due to Hunan Xiangyou Real Estate's failure to comply with the court's ruling [4] - The property rights for various assets, including underground parking spaces and commercial properties, were successfully transferred to Hunan Xiangyou Technology as per the court's decision [5][6] - The execution of the judgment was completed, and the financial impact of the case has been accounted for in the 2024 annual report [7][8] Group 4: Current Status and Future Implications - As of the announcement date, there are no undisclosed significant litigation or arbitration matters involving the company [8]