TOND(SZ:002360) Xin Lang Cai Jing·2025-09-22 13:54Core Viewpoint - Shanxi Tongde Chemical Co., Ltd. (hereinafter referred to as "Tongde Chemical") is currently involved in a legal dispute with Huarong Financial Leasing Co., Ltd. regarding a financing lease contract, which has led to a court execution order against the company and its wholly-owned subsidiary [1][2]. Case Progress - The case is in the execution phase, with Tongde Chemical and its subsidiary being summoned by the Hangzhou City Court for an execution inquiry scheduled for October 20, 2025 [2]. Key Content of the Ruling - The execution ruling indicates that Huarong Financial Leasing is the applicant, and the defendants include Tongde Chemical's actual controller Zhang Yunsheng, the subsidiary, and former chairman Zhang Hong. The court has ordered the defendants to pay an execution amount of CNY 24,980,553.17 along with subsequent interest, execution fees of CNY 92,381, and litigation fees of CNY 82,227.5. The defendants have not complied with the court's order, leading to the freezing of bank deposits totaling CNY 25,155,161.67 [3]. Impact on the Company - The outcome of the case remains uncertain, and Tongde Chemical has stated it will fulfill its information disclosure obligations based on the case's progress, urging investors to be aware of potential investment risks. As of the announcement date, the company has no other undisclosed litigation or arbitration matters [4].