春兴精工: 关于诉讼事项的公告

Core Viewpoint - Suzhou Chunxing Precision Industry Co., Ltd. is currently involved in a lawsuit initiated by Funi Dongfang Equipment Technology Co., Ltd. regarding the payment of remaining equity transfer funds and associated penalties, which could significantly impact the company's cash flow and financial stability if the outcome is unfavorable [1][4]. Group 1: Lawsuit Details - The lawsuit was filed by Funi Dongfang against Chunxing Precision for the remaining equity transfer payment of 24 million yuan and penalties totaling approximately 21,286,750 yuan as of March 6, 2025, with additional penalties accruing at a rate of 0.05% per day thereafter [1][2]. - Chunxing Precision is required to pay a total of 56,071,276 yuan, which includes the remaining equity transfer payment and interest on the funds occupied [1][2]. Group 2: Agreement Terms - Chunxing Precision entered into an equity transfer agreement with Zhongshan Songde, agreeing to pay a total of 150 million yuan for the equity and related shareholder rights of Xianyou Derun Investment Co., Ltd., with a deadline for full payment set for November 25, 2022 [2][3]. - The agreement stipulates that Chunxing Precision must pay interest at an annual rate of 5.5% on the outstanding equity transfer amount, and failure to make timely payments could result in penalties and potential claims for the total outstanding amount [2][3]. Group 3: Financial Impact - As of June 30, 2025, Chunxing Precision has paid a total of 126.5 million yuan of the equity transfer amount, leaving an outstanding balance of 23.5 million yuan and interest of approximately 10.95 million yuan yet to be paid [4]. - The company has accounted for the equity investment and interest in its financial statements, but the lawsuit's outcome remains uncertain and could adversely affect the company's cash flow and financial pressure if the ruling is not in its favor [4].