兆新股份: 关于诉讼事项进展的公告

Core Viewpoint - The company is currently involved in a legal dispute with Zhejiang Qianhong Industrial Co., Ltd. regarding a capital increase and subsequent buyback of shares in its subsidiary, Shenzhen Yongsheng New Energy Co., Ltd. The case has progressed through various court levels, and Zhejiang Qianhong is seeking a retrial from the Supreme People's Court after being dissatisfied with previous rulings [1][3][5]. Summary by Sections Case Background - The company and Zhejiang Qianhong jointly increased capital in Shenzhen Yongsheng, with the company investing 250 million RMB for a 21.5554% stake. A one-year cooling-off period was established, allowing Zhejiang Qianhong to request an unconditional buyback during this time [2]. - The company completed the buyback of all shares held by Zhejiang Qianhong for a total of 354.21 million RMB by May 24, 2023, following board approval [2]. Legal Proceedings - In the first instance, Zhejiang Qianhong claimed that the company and Shenzhen Yongsheng breached the agreement, leading to a request for compensation totaling 167.33 million RMB. The court ruled in favor of Zhejiang Qianhong, imposing penalties on both the company and Shenzhen Yongsheng [3]. - Both the company and Zhejiang Qianhong appealed the first ruling, but the second instance upheld the original decision, maintaining the penalties [3][4]. Current Status - Zhejiang Qianhong has filed for a retrial with the Supreme People's Court, which is currently reviewing the application. The outcome of whether the case will proceed to retrial remains uncertain [5]. - The company has stated that the ongoing legal situation has not impacted its current or future operations [2][5].