ZEHO ECO(SH:605069) Shang Hai Zheng Quan Bao·2025-08-19 19:33Group 1: Lawsuit Announcement - The company has filed a lawsuit against multiple defendants for overdue project payments totaling RMB 270,241,125.63 and interest of RMB 46,921,096.35, amounting to a total of RMB 317,162,221.98 excluding litigation fees [2][3][6] - The lawsuit is aimed at expediting the recovery of accounts receivable and protecting the company's and shareholders' legal rights [2][7] - The court has accepted the case, but no hearing has been scheduled yet, making it difficult to assess the impact on the company's current or future profits [2][8] Group 2: Project Background - The lawsuit arises from a construction contract dispute related to a project for the Hebei Province Fifth Garden Expo, where the company was the contractor [3][4] - The project was funded by government finances, which have not been disbursed as required, leading to the overdue payments [5] - The company completed the project on time and the expo was held on June 26, 2021, but the first defendant has failed to pay the owed amount for four years [5][6] Group 3: Use of Idle Funds - The company plans to use up to RMB 20 million of idle raised funds to temporarily supplement working capital, with a usage period not exceeding 12 months [11][14] - The total amount raised from the public offering was RMB 615,959,109.43, with a net amount of RMB 528,813,017.76 after expenses [12] - The company has previously used idle funds for working capital and has returned all temporarily supplemented funds to the designated account [13][14]