FPT(SZ:300256) Ju Chao Zi Xun·2025-08-20 13:43Core Viewpoint - The legal dispute involving Jiangxi Xingxing Technology Co., Ltd. and two defendants has reached a conclusion, with the Jiangxi Provincial High Court allowing the defendants to withdraw their appeal, thus making the first-instance judgment effective and entering the execution phase [2][3]. Summary by Sections Legal Proceedings - In early 2024, the company filed a lawsuit against the defendants in Pingxiang Intermediate People's Court, seeking the return of investment funds along with compensation for fund occupation fees and overdue interest [3]. - The court's first-instance judgment in September 2024 partially supported the company's claims, but the defendants appealed to the Jiangxi Provincial High Court, which they later withdrew, making the first-instance judgment final [3]. Financial Implications - The company had previously recognized a credit impairment loss of 366.6 million yuan related to this receivable [2]. - In January 2025, the company transferred 120 million yuan of the principal and associated interest and penalties for 100 million yuan to Jiangxi Huiyikang Trading Co., Ltd., receiving the full transfer amount [2]. - The company indicated that the recovery of the remaining receivables and the execution results remain uncertain, but the recent court ruling will not have a significant impact on the company's current or future profits [2].