CASIN(SZ:000838) Zheng Quan Zhi Xing·2025-08-06 09:09Core Viewpoint - The company, Caixin Development Group Co., Ltd., is involved in a significant legal dispute regarding a loan repayment issue with its subsidiary, Chongqing Xingcai Mao Real Estate Co., Ltd., which has not repaid a loan amounting to 45,059,520 yuan, leading to a lawsuit [1][2]. Summary by Sections Major Litigation and Arbitration Matters - The lawsuit was initiated by Chongqing Caixin Hongye Real Estate Development Co., Ltd. against its subsidiary, Chongqing Xingcai Mao Real Estate Co., Ltd., due to the latter's failure to repay a shareholder loan as per the agreement [1][2]. - The lawsuit amount is 45,059,520 yuan, and the case has been accepted by the Chongqing Jiangbei District People's Court, but has not yet been heard [1][2]. Basic Situation of the Case - The defendant, Chongqing Xingcai Mao, is required to pay a penalty of 0.05% per day on the overdue amount until full repayment is made [2]. - The company claims that the defendant's failure to repay constitutes a breach of contract, harming the company's interests [2]. Cumulative Litigation and Arbitration Matters - The total amount involved in ongoing litigation and arbitration matters is approximately 58.79 million yuan, which represents a significant portion of the company's audited net assets [3]. - There are no other major litigation or arbitration matters disclosed that exceed 10% of the company's net assets [3]. Potential Impact on Financial Performance - The outcome of the ongoing litigation remains uncertain, and its potential impact on the company's financial status and profits is yet to be determined [4]. - The company will follow accounting standards to address the situation based on the court's final judgment and will keep stakeholders informed of any developments [4].