Core Viewpoint - The announcement from Shengyang Co., Ltd. indicates that a portion of the funds in the bank accounts of its subsidiary, Shandong Shengyang Lithium Technology New Energy Co., Ltd., has been frozen due to a lawsuit filed by Tianli Lithium Energy (Rights Protection) Group Co., Ltd. regarding a sales contract dispute, involving a total amount of 371,000 yuan. The company has reached a settlement with Tianli Lithium Energy and has submitted an application to withdraw the lawsuit and lift the asset preservation measures. This incident is stated to have no significant impact on the company's daily operations [1]. Financial Impact - The frozen amount due to the court's action is 371,000 yuan, which is approximately 0.057 million dollars [1]. Legal Proceedings - The freezing of funds is a result of a lawsuit related to a sales contract dispute initiated by Tianli Lithium Energy, which has been resolved through a settlement [1]. Operational Impact - The company asserts that this legal issue will not have a major effect on its daily business operations [1].