天邦食品股份有限公司关于公司重大仲裁及前期累计诉讼、仲裁的进展公告

Core Viewpoint - The announcement details the significant arbitration and litigation progress involving Tianbang Food Co., Ltd., particularly focusing on the pre-restructuring process of its subsidiary, Fuyang Agricultural Development Co., Ltd., which is undergoing bankruptcy proceedings due to its inability to repay debts [1][2][4]. Group 1: Arbitration and Litigation Details - The arbitration case initiated by Zhejiang Construction Investment Group against multiple companies, including Tianbang Food, involves a total claim of approximately 1.15 billion yuan (about 12.96 billion yuan) for construction payments and associated fees [4][5]. - The Hangzhou Intermediate People's Court has issued execution notices and rulings confirming the arbitration awards, which have become legally effective, leading to the enforcement actions against the involved parties [6][7]. - Fuyang Agricultural Development has applied for pre-restructuring due to its inability to settle due debts, and the court has recognized its potential for restructuring, appointing a temporary manager to oversee the process [9][10]. Group 2: Financial Impact and Future Outlook - The pre-restructuring process is expected to facilitate the early resolution of debts and improve communication with creditors, potentially enhancing the company's financial structure and operational sustainability [4][14]. - The company has indicated that the ongoing arbitration developments are not anticipated to significantly impact its current or future profits, with final effects to be determined by annual audit results [4][14]. - As of the announcement date, the company has disclosed additional minor litigation cases totaling approximately 276.71 million yuan, representing 7.53% of its audited net assets for 2024 [13].