Zheng Quan Zhi Xing·2025-08-15 10:13Core Viewpoint - The company, Changzhou Tiansheng New Materials Group Co., Ltd., is currently involved in a legal dispute with China Railway High-tech Industry Co., Ltd. regarding a contract dispute related to their joint venture, China Railway Rail Transit Equipment Co., Ltd. [1][4] Group 1: Legal Dispute Details - The company and China Railway High-tech established a joint venture in January 2018 with an initial registered capital of RMB 90 million, where China Railway held a 55% stake and Tiansheng held a 45% stake [1][2] - Tiansheng has completed a capital contribution of RMB 135,000, but has not fully paid the remaining capital contribution of RMB 4,365,000 by the deadline of March 30, 2020, leading to the current legal action [2][4] - The lawsuit has been registered at the Beijing Fengtai District People's Court, with the case number (2025) Jing 0106 Minchu 40196, and the court hearing has not yet commenced [2][4] Group 2: Financial Impact and Disclosure - The company is currently unable to reasonably estimate the potential impact of the lawsuit on its current and future profits, and will follow up on the case's progress to make necessary accounting adjustments as per accounting standards [3][4] - As of the announcement date, the company has reported other minor litigation matters totaling approximately RMB 1.1907 million, which do not meet the disclosure standards for significant litigation as per the Shenzhen Stock Exchange rules [2][3]