万通发展: 关于对外提供财务资助逾期进展暨签署和解协议的公告

Financial Assistance and Default Overview - Company provided a convertible bond loan of $50 million to its wholly-owned subsidiary, Source Photonics (Chengdu) Co., Ltd, under the Convertible Bond Investment Agreement [1] - As of May 31, 2025, Source Photonics (Chengdu) repaid only $6.81 million of the principal and all interest, with $43.19 million of the principal overdue [1] Legal Actions and Arbitration Progress - Due to the failure of Source Photonics (Chengdu) to repay the principal and interest, the company has initiated legal actions to enforce repayment and has received a notice of case acceptance from the Shenzhen International Arbitration Court [2] - As of the announcement date, the arbitration has not yet been heard [2] Settlement Agreement - On July 3, 2025, the company reached a settlement agreement with the relevant parties, stipulating that by July 10, 2025, the total amount of RMB 341,211,985.55 will be paid to the company [2][3] - The settlement amount includes overdue principal and interest, as well as arbitration-related expenses totaling RMB 10,813,136.3 [2] Terms of the Settlement - Upon receiving the full settlement amount, the company will have no further claims against Source Photonics and its related parties regarding the investment disputes [3][4] - The investment agreements will be terminated upon receipt of the settlement amount, and the company will no longer hold any rights under the investment documents [4] Compliance and Obligations - The company is required to withdraw all arbitration applications and related judicial requests upon receiving the settlement amount [4][5] - Any breach of the settlement agreement by the company will result in a penalty of 5% of the settlement amount [5] Recovery of Overdue Amounts - As of July 3, 2025, the company has received the full settlement amount of RMB 352,025,121.85 from Source Photonics (Chengdu), recovering all overdue financial assistance [6]