STS(SH:603322) Mei Ri Jing Ji Xin Wen·2025-08-04 14:12Core Viewpoint - The company, ChaoXun Communication, is facing legal challenges and financial strain due to lawsuits related to unpaid debts and frozen bank accounts, which could impact its operations and financial health [1][2][4]. Group 1: Legal Issues - ChaoXun Communication and its subsidiary, ChaoXun (Guangzhou) Network Equipment Co., Ltd., received a civil lawsuit from Xintang Zhichuang (Zhejiang) Electronic Technology Co., Ltd. regarding unpaid debts totaling 89.94 million yuan [2]. - The company is being asked to assume joint liability for the debts of its subsidiary, which amounts to a total of 107 million yuan including principal and penalties [2][3]. - The company has not yet received formal legal documents regarding the freezing of its bank accounts, which is a procedural measure in the ongoing litigation [5]. Group 2: Financial Impact - As of July 31, the company reported that a total of 1.82 billion yuan in bank accounts has been requested for freezing, which represents 79.81% of its latest audited net assets [4]. - The actual amount frozen as of July 30 is 22.48 million yuan, accounting for 9.85% of the company's net assets [4]. - The frozen funds are primarily related to three lawsuits involving server procurement and other business dealings, with specific amounts of 53.1 million yuan and 39.21 million yuan related to different cases [4]. Group 3: Operational Status - Despite the legal challenges and frozen accounts, the company asserts that its normal operations and management have not been significantly adversely affected [4]. - The company has other bank accounts that remain operational, allowing it to continue its business activities [4]. - ChaoXun Communication is actively seeking to resolve the disputes and has reached preliminary agreements with the involved parties to address the issues [5].