JINJIA(SZ:002191) Zheng Quan Zhi Xing·2025-05-21 11:20Core Viewpoint - The announcement details ongoing arbitration and execution proceedings involving the company's major shareholder, Jinjia Chuangtou, and its actual controller, Qiao Luyu, which may impact the company's stock and financial stability [1][10]. Group 1: Case Overview - Jinjia Chuangtou holds 31.90% of the company's total shares and is involved in multiple arbitration cases, including claims for repayment of loans totaling RMB 149 million and other financial obligations [1][3]. - The first case involves claims against Jinjia Chuangtou for a total of RMB 291 million, including principal, interest, and penalties [5][7]. - The second case involves a comprehensive credit contract with a total credit limit of RMB 600 million, with claims for repayment from multiple companies totaling RMB 292 million [4][5]. Group 2: Financial Obligations and Guarantees - Jinjia Chuangtou has provided various forms of collateral, including real estate and shares, to secure debts totaling RMB 400 million and RMB 300 million in different agreements [2][4]. - The company has also pledged 4.34 million shares of Jinjia stock as collateral for loans under a revolving credit agreement of RMB 800 million [7][8]. Group 3: Impact on the Company - The ongoing arbitration and execution proceedings are stated to be independent of the company's operations, indicating that the company itself may not be directly affected by these legal issues [9][10]. - However, if the arbitration results favor the creditors, it could lead to the forced sale of Jinjia shares, potentially affecting the company's control and stock price [10].