天安新材: 天安新材关于重大诉讼的进展公告

Core Viewpoint - The company is involved in a significant legal dispute with Shenzhen Evergrande Material Equipment Co., Ltd. regarding a contract dispute, with a claim amounting to RMB 158,021,125 [1][2]. Legal Proceedings - The company’s subsidiary, Shiwang Yingpai, filed a civil lawsuit on January 28, 2022, seeking the return of a deposit and interest from the defendant [1]. - A civil judgment was issued, ordering the defendant to return the principal amount of RMB 130,000,000 and pay the case acceptance fee of RMB 831,905.63, along with interest until actual payment [2]. - Recently, the company received an execution ruling stating that no executable assets were found for the defendant, thus terminating the execution process [2][4]. Financial Implications - The total amount involved in ongoing litigation and arbitration matters, as of the announcement date, is RMB 32,131.27 million [2]. - The company has previously made significant provisions for receivables related to the Evergrande Group, amounting to a 95.9% credit impairment provision, indicating a cautious approach to potential financial impacts from these legal matters [12]. Other Legal Matters - The company is currently involved in multiple other lawsuits and arbitration cases, with a total amount of RMB 1,871.04 million as the plaintiff and RMB 91.48 million as the defendant [12]. - The company has disclosed ongoing litigation cases involving amounts over RMB 1 million, with various stages of progress, including judgments and appeals [3][5].