Core Viewpoint - The company, Guangdong Tianan New Materials Co., Ltd., has concluded the execution of a significant lawsuit involving its subsidiary, Foshan Shiwai Yingpai Ceramics Co., Ltd., against Shenzhen Evergrande Material Equipment Co., Ltd. for a total claim of RMB 158,021,125, which includes a principal amount of RMB 130,000,000 and related fees [1][2][3] Summary by Sections Case Background - The lawsuit was initiated on January 28, 2022, by the subsidiary Shiwai Yingpai against the defendant for the return of a deposit and interest [1][2] - The total amount claimed in the lawsuit is RMB 158,021,125, with the principal being RMB 130,000,000 [1][2] Execution Status - The recent court ruling determined that there were no assets available for execution, leading to the termination of the execution process [3] - The defendant is still obligated to fulfill the debt to the plaintiff, and the plaintiff can reapply for execution if new assets are discovered [3] Financial Impact - The company has already made a 95.9% provision for credit impairment related to the receivables from Evergrande Group, indicating that the conclusion of this execution will not significantly impact the company's current or future profits [1][4]
广东天安新材料股份有限公司关于重大诉讼的进展公告