SEC(SH:603988) Zheng Quan Zhi Xing·2025-06-10 11:15Group 1 - The company has announced that part of its bank account funds has been frozen, amounting to 8,037,518.48 yuan, which is approximately 1.25% of its latest audited net assets [1][2] - The freezing of funds is due to a contractual dispute with Chongqing Turbine Factory Co., Ltd. regarding a joint bid for the India FFC flood irrigation project, leading to a lawsuit and pre-litigation asset preservation [2] - The frozen amount represents 11.21% of the company's latest unaudited consolidated cash balance as of March 31, 2025 [2] Group 2 - The company states that the remaining funds in the account can still be used normally, and the freezing of part of the funds will not significantly impact its production and operational activities [2] - The actual impact on the company's financial performance remains uncertain and will depend on the final outcome of the litigation [2] - The company will closely monitor the situation and actively communicate with relevant parties to resolve the asset preservation issue and protect the rights of the company and its shareholders [2]