GDMZH(SH:600382) Zheng Quan Zhi Xing·2025-07-03 16:27Core Viewpoint - The company is currently involved in a legal dispute regarding a loan amounting to 588.5 million yuan, with the case now in the execution phase, and the outcome remains uncertain, affecting the company's ability to recover the loan and interest [1][2]. Group 1: Case Background - The lawsuit involves Guangdong Mingzhu Group's wholly-owned subsidiary, Guangdong Mingzhu Group Land Co., Ltd., in a contractual dispute with Xingning Hongyuan Real Estate Development Co., Ltd. related to the "Honggui Garden Development Project" [1]. - The case was accepted by the Meizhou Intermediate People's Court on March 22, 2022, with the initial hearing scheduled for April 26, 2022, but was postponed to May 7, 2022, due to a counterclaim by the defendant [1]. - On June 27, 2023, the subsidiary received a civil ruling and judgment from the Meizhou Intermediate People's Court, and on July 11, 2023, it was notified of an appeal by the opposing party [1]. Group 2: Case Progress - The Guangdong Provincial High People's Court issued a civil judgment on the case, rejecting the appeal and upholding the original ruling, which is now final [2]. - The Meizhou Intermediate People's Court has accepted the application for enforcement of the effective civil judgment, indicating that the case is now in the execution phase [2]. Group 3: Impact on the Company - The execution phase of the case introduces uncertainty regarding the recovery of the loan principal and interest, making it difficult for the company to assess the impact on its current and future profits [1][2]. - The company commits to timely information disclosure regarding the progress of the lawsuit in accordance with legal regulations [2].