Harmontronics Automation(SH:688022) Shang Hai Zheng Quan Bao·2025-11-04 18:57Core Viewpoint - Suzhou Hanchuan Intelligent Technology Co., Ltd. has reported that several bank accounts have been frozen, affecting a total of 64,571,761.78 yuan, which represents 9.92% of the company's audited net assets as of December 31, 2024, and 9.32% of the net assets as of the end of Q3 2025 [1][8]. Group 1: Account Freezing Situation - The company disclosed the freezing of bank accounts on September 11, 2025, involving its subsidiaries and affiliates [3]. - As of November 4, 2025, the total amount frozen due to litigation-related asset preservation is 50,667,920.56 yuan across four cases, with one new case added [6]. - The freezing of accounts is primarily due to litigation, with a significant case involving a claim for 29,235,419.46 yuan [7]. Group 2: Legal Developments - The company received a court notice indicating that the plaintiff, Zhuhai Titan New Power Electronics Co., Ltd., has withdrawn its lawsuit against Hanchuan Intelligent, leading to the lifting of the account freeze [2][7]. - The court has approved the withdrawal of the lawsuit, which does not violate legal provisions, allowing the company to regain access to its funds [2][7]. Group 3: Impact on Operations - The frozen funds account for 35.46% of the company's audited cash as of December 31, 2024, and 55.83% as of Q3 2025, but the company asserts that this will not significantly impact its normal operations [8]. - Other bank accounts remain unaffected, allowing for normal cash flow and operations to continue [5][8]. Group 4: Company Measures and Future Actions - The company is actively engaging with the court and the plaintiff to resolve the disputes and has taken legal measures to protect its rights [9]. - The company will continue to monitor the situation and provide updates on any significant developments regarding the frozen accounts and ongoing litigation [9].