江西恒大高新技术股份有限公司 关于重大诉讼进展暨收到部分执行款项的公告

Core Viewpoint - The company is in the execution phase of a lawsuit against Fujian Ruixin Energy Technology Co., Ltd. for unpaid debts totaling approximately RMB 40.037 million, which includes principal, penalties, interest, and related fees [2][4][6]. Group 1: Lawsuit Background - In March 2017, the company filed a dispute with Fujian Ruixin and Shanghai Ruien Energy Investment Co., Ltd. regarding a contract related to the Sanjin Steel's waste heat power generation project [3]. - In February 2018, the arbitration committee ruled that Fujian Ruixin must pay RMB 26.122 million in project payments and RMB 13.0636 million in penalties, with Shanghai Ruien jointly liable [4][5]. - The company applied for enforcement of the arbitration ruling in March 2018, leading to the freezing of assets related to Fujian Ruixin and Shanghai Ruien [6]. Group 2: Execution Progress - As of May 7, 2021, the company requested the Fuzhou Intermediate People's Court to enforce the payment of RMB 40.037 million from Fujian Ruixin, which includes various fees [6][7]. - The court initiated the auction of Fujian Ruixin's assets, resulting in a successful bid of RMB 3.349 million for certain equipment and facilities [7]. - The company received RMB 2.9617 million from the auction proceeds, which will impact its net profit for the fiscal year 2025 [2][10]. Group 3: Financial Impact - The received execution amount of RMB 2.9617 million will be recorded in the company's financial statements for the year 2025, subject to final audit confirmation [10]. - This payment will enhance the company's cash flow situation, improving overall liquidity [11]. Group 4: Ongoing Legal Matters - As of the announcement date, the company and its subsidiaries do not have any other undisclosed significant lawsuits or arbitration matters [9]. Group 5: Future Actions - The company will continue to monitor the situation and fulfill its disclosure obligations as per the regulations of the Shenzhen Stock Exchange [13].