郴电国际涉1638.75万元诉讼进入执行监督阶段

Core Viewpoint - Chendian International (600969) has disclosed the latest developments regarding a litigation involving a sales contract dispute, emphasizing its commitment to protect its legal rights and interests amid ongoing legal proceedings [1][4]. Case Review - The case involves a sales contract dispute between Huaxing Energy Group Co., Ltd. and Cixian Zhangnan Coal Washing Co., Ltd., with Chendian International's subsidiary, Handan Chendian Company, being implicated. The Hebei High People's Court ruled on August 4, 2015, that Zhangnan Coal Washing must pay Huaxing Energy 16.3875 million yuan plus interest, with Handan Chendian bearing supplementary compensation responsibility [2]. - During the execution of the case, Huaxing Energy sought to add Chendian International as a defendant. However, the Cixian People's Court rejected this request, stating that the conditions for supplementary responsibility were not met. Huaxing Energy's subsequent appeal to the Handan Intermediate People's Court was also dismissed [2]. Latest Developments - Recently, Handan Chendian Company received a notice from the Hebei High People's Court regarding Huaxing Energy's application for execution supervision, which is currently under review [3]. Impact on the Company - Chendian International is taking the matter seriously and will actively respond to the execution supervision application, aiming to safeguard its and its shareholders' interests. The company acknowledges the uncertainty surrounding the outcome of the litigation and its potential impact on current or future profits, stating that the actual effect will depend on the court's ruling [4].