Appo(SH:688007) Zheng Quan Ri Bao Wang·2025-08-21 13:49Core Points - Shenzhen Guangfeng Technology Co., Ltd. disclosed the final arbitration result, requiring the company to pay a total of $12.6904 million to GDC, while GDC must pay $1.98 million plus accrued interest to Guangfeng [1][2] - The arbitration stemmed from a dispute regarding the execution of a settlement agreement, with GDC initially claiming $38 million in damages, which was significantly reduced in the final ruling [1][2] - The final arbitration decision alleviates uncertainty for investors, allowing Guangfeng Technology to focus on its core business and technological advancements [2] Summary by Sections - Arbitration Outcome - The final arbitration ruling requires Hong Kong Guangfeng and the company to pay GDC a total of $12.6904 million, while GDC is to pay $1.98 million plus accrued interest to Guangfeng [1][2] - The initial claim from GDC was $38 million, which was later increased during the arbitration process [1] - Settlement Agreement Background - The dispute originated from a 2021 settlement agreement regarding GDC's compensation plan, which included the transfer of 8% equity in GDC BVI to Hong Kong Guangfeng and a cash compensation of $1.2 million [2] - The final arbitration amount includes the performance compensation and related interest, as well as some legal fees designated by the arbitration tribunal [2] - Market Implications - The resolution of this long-standing litigation allows Guangfeng Technology to shed historical burdens and concentrate on its core technological innovations and business development [2] - The company is actively expanding into AR and robotics applications and plans to showcase its technological advancements at the upcoming 26th China International Optoelectronic Expo [2]