杭州园林: 关于民事诉讼事项的进展公告

Core Viewpoint - The company has successfully appealed a lower court's ruling regarding unpaid project funds, resulting in a favorable final judgment that mandates the defendant to pay the full amount owed along with overdue interest [1][2][4] Group 1: Lawsuit Details - The company is the plaintiff in a lawsuit against Qionghai Agricultural and Rural Bureau for unpaid project funds totaling 101,660,742.42 CNY, which includes overdue interest [1] - The initial contract was signed in November 2017 for the Boao Agricultural National Park Phase I project, which has been completed for over six years, but the defendant has failed to pay 38,222,281 CNY in project funds and 3,820,000 CNY in management fees [1][2] - The first-instance court ruled that the defendant must pay 19,422,281.48 CNY, but the company contested this decision, leading to an appeal [2] Group 2: Appeal Outcome - The higher court found merit in the company's appeal, stating that the first-instance court had misinterpreted the contract and ruled in favor of the company [2] - The final judgment requires the defendant to pay the full amount of 32,042,281.48 CNY plus overdue interest, calculated from July 9, 2024, to December 10, 2024 [2][3] Group 3: Financial Impact - The company has already fully provisioned for the receivable amount of 32,042,281.48 CNY, which will positively impact its profit upon receipt of the payment and interest [1][4] - The financial department's preliminary assessment indicates that the receipt of these funds will enhance the company's current profit, subject to confirmation by the annual audit [4]