TUS-EST(SZ:000826) Shang Hai Zheng Quan Bao·2025-11-13 18:32Core Viewpoint - The company, Tsinghua Tongfang Co., Ltd., has received a civil judgment regarding a construction contract dispute, which may have significant financial implications for the company and its stakeholders [1][2][3]. Summary by Sections Civil Judgment Details - The civil judgment was issued by the Intermediate People's Court of Xianyang, Shaanxi Province, in a case involving a construction contract dispute between Hunan Jinsha Road and Bridge Construction Co., Ltd. and the company [1][2]. - The plaintiff, Hunan Jinsha, requested a total payment of approximately 659.46 million yuan, including principal and interest, from the defendants, which include the company [2]. - The court partially supported the plaintiff's claims, ordering the defendant, Xingping Hongyuan Development Construction Co., Ltd., to pay approximately 441.68 million yuan plus interest to Hunan Jinsha [3][4]. Company’s Liability - The company is held jointly liable for the debt owed by Xingping Hongyuan Development Construction Co., Ltd. to Hunan Jinsha, indicating potential financial exposure for the company [4][5]. - The judgment also includes provisions for the transfer of construction materials and documentation related to the project from Hunan Jinsha to Xingping Hongyuan [5]. Financial Implications - The judgment specifies that if the defendants fail to fulfill their monetary obligations within the stipulated time, they will incur additional interest penalties [5]. - The total litigation costs and fees have been allocated among the parties involved, with the company bearing a portion of these costs [5]. Company’s Response - The company is actively working to mitigate litigation and execution risks and aims to communicate with relevant parties to reach a resolution [5].