Core Viewpoint - The company, Guangdong Tianan New Materials Co., Ltd., has concluded the execution of a lawsuit involving its subsidiary, Foshan Shiwai Yingpai Ceramics Co., Ltd., against Evergrande Real Estate Group Zhengzhou Co., Ltd. regarding a loan dispute totaling RMB 61,974,356.16, which includes principal and interest [1][2][3]. Group 1: Lawsuit Background - The lawsuit originated from a loan dispute where the defendant failed to repay the principal and interest as per the agreement, leading to a civil lawsuit filed by the subsidiary [2]. - The court ruled in favor of the subsidiary, ordering the defendant to repay RMB 50 million and additional interest of RMB 6 million, along with court fees [2][3]. Group 2: Execution Status - The recent court ruling concluded the execution process due to the absence of any discoverable assets from the defendant, allowing the company to apply for resumption of execution if new assets are identified [4]. - The company has previously made provisions for credit impairment related to this lawsuit, indicating that the conclusion of this execution will not significantly impact current or future profits [1][4]. Group 3: Other Legal Matters - As of the announcement date, the company and its subsidiaries are involved in other ongoing litigation and arbitration matters totaling RMB 419,920,200 [4][5]. - There are 72 additional cases involving amounts less than RMB 1 million, with the company as the plaintiff in 66 cases totaling RMB 18,892,800 [5].
广东天安新材料股份有限公司 关于重大诉讼的进展公告