Core Viewpoint - The company has reached a settlement in three litigation cases with Beijing Tonglong Automobile Sales Co., Ltd., involving a total amount of RMB 50.976 million, which is expected to be paid in installments by specific deadlines [1][2][3]. Summary by Sections Litigation Status - The litigation is currently in the mediation settlement stage [1]. - The company is the plaintiff in the first instance [1]. - The total amount involved in the three litigation cases is RMB 50.976 million [1]. Financial Impact - If the mediation agreement is successfully executed, Tonglong Automobile will pay a total of RMB 50.976 million to the company [1]. - The specific accounting treatment and related financial data will be confirmed by the annual audit [1]. - The company will disclose information based on the performance of the settlement agreement [1]. Payment Schedule - Tonglong Automobile is required to make the following payments: - RMB 500,000 by July 25, 2025 [2]. - RMB 2 million by August 19, 2025 [2]. - RMB 7.22 million by September 15, 2025 [2]. - The case acceptance fee of RMB 39,920 will be shared equally between the company and Tonglong Automobile [2]. Other Litigation Matters - As of the announcement date, there are no other undisclosed significant litigation or arbitration matters involving the company or its subsidiaries [4]. - The company's production and operations are reported to be normal [4].
ST东时: 关于诉讼事项的进展公告