Core Viewpoint - The company is involved in a legal dispute regarding the sale of its subsidiary, with significant financial implications stemming from the arbitration and court rulings [1][2]. Group 1: Sale Agreement and Initial Actions - On June 2, 2023, the company announced a sale agreement for the entire equity of Chongqing Zhong Copper New Energy Technology Co., Ltd. for RMB 34 million [1]. - The sale involves specific intangible assets held by a subsidiary, Chongqing Suitong New Energy Vehicle Manufacturing Co., Ltd., while other major assets and liabilities must be retained within the group until the restructuring is completed [1]. - The buyer has made payments totaling approximately RMB 24.9 million and RMB 9.1 million to the subsidiary, but the company disputes that about RMB 4.1 million should be paid to it or its other subsidiaries [1]. Group 2: Legal Proceedings and Arbitration - On August 21, 2024, the buyer filed for arbitration, seeking the return of the RMB 34 million, plus penalties of RMB 6.8 million and compensation of approximately RMB 400 million [2]. - On September 3, 2024, the company received a court order freezing its shares in several subsidiaries for three years [2]. - The arbitration ruling on May 16, 2025, declared the sale agreement effectively terminated and mandated the company to refund the RMB 34 million and pay additional penalties and fees [2].
科轩动力控股(00476)接获重庆仲裁裁决书