NCGF(SZ:300198) Xin Lang Cai Jing·2025-09-22 11:57Core Viewpoint - ST Nanchuan has disclosed significant legal developments, including an execution notice related to a financial dispute with Xiamen Bank, which may impact the company's financial standing and operations [1][2]. Group 1: Execution Matters - On April 10, 2025, ST Nanchuan and its subsidiary Fujian Nanchuan Pipeline Technology Co., Ltd. received documents from the Quanzhou Arbitration Commission regarding a financial loan contract dispute with Xiamen Bank [2]. - The final arbitration ruling was issued in June 2025, and on September 19, 2025, the company received an execution notice from the Xiamen Siming District People's Court, with the involved amount being 81,272,844.23 yuan [2]. Group 2: Other Litigation and Arbitration Matters - As of the announcement date, there are six undisclosed litigation and arbitration cases involving a total amount of 9,706,682.71 yuan [3]. - The details of these cases include various contract disputes and labor compensation issues, with some cases already resolved or in different stages of litigation [3]. Group 3: Previous Litigation and Arbitration Progress - There have been new developments in 18 previously disclosed litigation and arbitration cases, with some large cases currently in the execution phase [4]. - Cases involving amounts less than 10 million yuan have shown varied progress, including appeals and mediation [4]. Group 4: Impact on the Company - The impact of the current case on the company's profits will be determined by the annual audit report [5]. - As of September 21, 2025, the company and its subsidiaries have 6,859,329.39 yuan in frozen bank accounts due to asset preservation measures related to ongoing litigation [5].