苏州春兴精工股份有限公司关于子公司元生智汇仲裁事项的进展公告

Core Viewpoint - The announcement details the progress of an arbitration case involving the subsidiary Yuansheng Zhihui of Suzhou Chunxing Precision Mechanical Co., Ltd, indicating that the company is currently a defendant in the case, with potential financial implications due to the arbitration claims [4][5][12]. Group 1: Arbitration Background - The arbitration case was initiated by Ding Sheng Investment Co., Ltd against Yuansheng Zhihui regarding unpaid rent and taxes [6]. - The arbitration amount has been adjusted to approximately 45.89 million yuan [4]. Group 2: Current Arbitration Progress - Yuansheng Zhihui has received notifications from the Fuzhou Arbitration Commission regarding changes in the parties involved in the arbitration [2][7]. - Ding Sheng Investment has requested the addition of Xianyou County Xian Cai State-owned Assets Investment Operation Co., Ltd as a co-defendant in the arbitration [8]. Group 3: Financial Implications - The arbitration claims include a request for immediate payment of 35.38 million yuan in rent and penalties, along with outstanding property and land use taxes totaling approximately 6.67 million yuan [10]. - The potential impact on the company's cash flow could be significant if Yuansheng Zhihui loses the arbitration and fails to fulfill the arbitration ruling [12]. Group 4: Company Operations - As of the announcement date, the arbitration matter has not adversely affected the company's main business operations [5][12]. - The company has disclosed that it has no other significant undisclosed litigation or arbitration matters that exceed 10% of its latest audited net assets [10].