Ju Chao Zi Xun·2025-06-21 07:38Core Viewpoint - The company, Zhizheng Co., has received an arbitration notice from the Shenzhen International Arbitration Court regarding a dispute over equity transfer with SUCCESS FACTORS LIMITED, which has requested approximately 144 million RMB in compensation and related fees [1][2]. Group 1: Arbitration Details - The arbitration request includes claims for overdue payment fees, attorney fees, preservation fees, and property preservation liability insurance fees [1]. - The arbitration case is still pending, and its impact on the company's current or future profits remains uncertain until a ruling is made [1][2]. Group 2: Background of the Dispute - The dispute originated from Zhizheng Co.'s acquisition of a 51% stake in Suzhou Juyun Technology Co., a semiconductor equipment manufacturer, in 2023 [1]. - In April 2025, Zhizheng Co. began preparations to acquire an additional 49% stake in Suzhou Juyun after receiving a notification from SUCCESS FACTORS, and has been in negotiations regarding the acquisition terms [1][2]. Group 3: Financial Performance and Commitments - According to the asset purchase agreement, the original shareholders of Suzhou Juyun, SUCCESS FACTORS, committed to net profits (excluding non-recurring gains and losses) of at least 13.5 million RMB, 18.9 million RMB, and 26.46 million RMB for the years 2022, 2023, and 2024, respectively [2]. - The actual net profit for Suzhou Juyun in 2024 was reported at 26.1345 million RMB, falling short of the performance commitment, resulting in a compensation obligation of 660,000 RMB from SUCCESS FACTORS to Zhizheng Co. [2]. Group 4: Company Response - Zhizheng Co. has stated that it will take effective measures to protect the rights of the company and its minority shareholders, asserting that the arbitration will not significantly impact its normal business operations, and that Suzhou Juyun's production activities are currently running normally [2].