Summary of Key Points Core Viewpoint - The announcement details the ongoing litigation involving New Dazhou Holdings Co., Ltd. and the implications of a recent ruling by the Supreme People's Court of China regarding a loan dispute with Cai Laiyin, which has led to the freezing of certain assets and a potential sale of shares to settle debts [2][3]. Group 1: Litigation Overview - New Dazhou disclosed the lawsuit initiated by Cai Laiyin against multiple parties, including New Dazhou, in October 2019, related to a loan dispute [2]. - The Guangdong High People's Court ruled that New Dazhou is liable for half of the unpaid loan principal and interest owed to Cai Laiyin [2]. - As a result of the litigation, several bank accounts and equity interests of New Dazhou have been frozen, including profits from its stake in Inner Mongolia Yakeshi Wujiu Coal Group Co., Ltd. [2]. Group 2: Recent Developments - On June 6, 2025, New Dazhou received a civil ruling from the Supreme People's Court, which accepted its application for retrial regarding the previous judgment [3]. - The ruling includes a suspension of the execution of the original judgment, which had ordered the auction of New Dazhou's 44.918% stake in Wujiu Group to satisfy the debt [5]. - The company continues to accrue interest based on the original judgment while awaiting the outcome of the retrial [5]. Group 3: Impact on the Company - The suspension of the original judgment's execution may provide temporary relief for New Dazhou, but the final outcome of the retrial remains uncertain [5]. - The board of directors will monitor the situation closely and fulfill disclosure obligations as required by law [5].
新大洲控股股份有限公司关于蔡来寅纠纷案诉讼进展的公告