Core Viewpoint - The arbitration ruling has resolved a long-standing dispute for the company, allowing it to focus on its core business and technological advancements [1][2]. Summary by Relevant Sections Arbitration Outcome - The company and its Hong Kong subsidiary are required to pay a total of $12.69 million to GDC, while GDC must pay $1.98 million plus accrued interest to the company [1]. - The net payment amount is significantly lower than GDC's initial claim of $38 million [1]. - The arbitration stemmed from a dispute regarding the execution of a settlement agreement related to a compensation plan from 2021 [1]. Financial Implications - The final arbitration amount includes performance compensation and related interest, as well as some legal fees designated by the arbitration tribunal [1]. - The company successfully supported its claim regarding GDC's violation of the shareholder agreement, resulting in GDC being ordered to pay $1.98 million plus interest [1]. Market Impact - The resolution of the arbitration brings clarity to investors, alleviating uncertainties that have affected the company for three years [2]. - The company is now positioned to concentrate on its core technology and business development [2]. Future Developments - The company is actively expanding into AR and robotics applications [2]. - It plans to showcase its technological advancements at the 26th China International Optoelectronic Exposition from September 10 to 12 [2].
仲裁事项落定!光峰科技科技聚焦主业,将携前沿技术亮相光博会