Zheng Quan Zhi Xing·2025-08-12 16:13Core Viewpoint - The report discusses the progress of a significant arbitration case involving Ningbo Bohui Chemical Technology Co., Ltd. and its potential impact on the company's financials, particularly concerning its convertible bonds [3][5]. Group 1: Arbitration Case Overview - The arbitration case was initiated by the company against Fucheng Limited due to a contract dispute, with the arbitration request filed on August 30, 2023 [3][4]. - The total amount involved in the arbitration is RMB 71,087,122.30, which represents 17.68% of the company's latest audited net assets attributable to shareholders [5]. Group 2: Arbitration Requests and Counterclaims - The company’s arbitration requests include claims for breach of contract, payment of liquidated damages amounting to USD 3,365,761.27, and other compensation claims totaling USD 4,275,626.02 related to guarantees [4][6]. - The respondent, Fucheng Limited, has countered with requests to dismiss the company's claims and has sought liquidated damages of USD 2,353,109.70, along with interest and legal costs [4]. Group 3: Arbitration Ruling - The Hong Kong International Arbitration Centre issued a final ruling, which includes the company being awarded certain amounts along with interest calculated at a rate of 4% per annum until the date of the ruling [5]. - The ruling is final and effective from the date of issuance, but the respondent has yet to comply, leading to uncertainty regarding the execution of the ruling [5]. Group 4: Financial Impact - The company is currently unable to assess the impact of the arbitration outcome on its current or future profits due to the respondent's non-compliance and the uncertainty surrounding the enforcement of the ruling [5].