Xin Lang Cai Jing·2025-09-17 12:03Core Viewpoint - Nanjing Koyuan Smart Technology Group Co., Ltd. has provided an update on a lawsuit involving its wholly-owned subsidiary, Nanjing Koyuan Smart Energy Investment Co., Ltd., against Shanghai Pudong Development Bank Co., Ltd. regarding a savings deposit contract dispute [1][2]. Group 1 - The initial court ruling required the bank to pay the plaintiff a total of 232.77 million yuan, which includes the principal and overdue interest, and the bank was responsible for the litigation costs [1]. - Both parties appealed the first-instance judgment, but the intermediate court upheld the original ruling on May 17, 2025 [1]. - On July 4, 2025, the company applied for enforcement of the judgment and received the payment on July 21, 2025 [1]. Group 2 - There remains an outstanding amount of 85 million yuan in principal and interest that has not been recovered, as this amount was not due at the time of the initial lawsuit [2]. - The company filed a new lawsuit for the unrecovered amount on July 2025, which has been accepted by the court, with a hearing scheduled for September 16, 2025 [2]. - As of the announcement date, there are no other significant undisclosed lawsuits or arbitration matters involving the company or its subsidiaries [2].