WZ Group(SH:600704) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-08 00:17Core Viewpoint - The company has disclosed the outcome of a legal case involving its subsidiary, indicating that the termination of the execution will not have a significant impact on its current or future profits [2][7]. Group 1: Legal Case Overview - The company’s subsidiary, Zhejiang Zhongda Yuantong Financing Leasing Co., Ltd., was involved in a contract dispute with Qingfeng Cultural Co., Ltd. and others, resulting in a court ruling that required the defendants to pay a total of 48,860 million RMB plus penalties [2][8]. - The court's decision was made by the Hangzhou Intermediate People's Court, which ruled in favor of the company after the defendants failed to fulfill their obligations [2][4]. Group 2: Financial Impact - As of the end of 2024, the company has made provisions for bad debts related to this lawsuit, which have been disclosed in its annual report [7]. - The termination of the execution process will not significantly affect the company's current or future profits [7]. Group 3: Legal Proceedings Status - The case is currently in the stage of terminated execution, with the company acting as the applicant for enforcement [8]. - The total amount involved in the case is approximately 49,109.61 million RMB [8].