Pengxin Mining(SH:600490) Shang Hai Zheng Quan Bao·2025-11-14 19:24Core Viewpoint - The company is addressing a dispute regarding performance commitment compensation through litigation after failing to reach an agreement with the counterparty [3][15]. Group 1: Board Meeting - The 15th meeting of the 8th Board of Directors was held on November 14, 2025, with all 5 directors present, complying with legal and regulatory requirements [2]. - The board approved a resolution to resolve the performance commitment compensation dispute through litigation [3][15]. Group 2: Compensation Details - The counterparty is required to compensate with 220,265,693 shares and cash amounting to 414,317,270.05 yuan due to unmet performance commitments [8][13]. - The performance commitment period was from 2018 to 2024, with a total promised net profit of 194,386.08 million yuan [10]. Group 3: Performance Commitment Status - As of December 31, 2024, the performance commitments were not met, primarily due to external factors affecting the resumption of operations at the Oni Gold Mine [12]. - The valuation of the target company, Ningbo Tianhong, was assessed at 383,672.63 million yuan, indicating no impairment compared to previous evaluations [11]. Group 4: Litigation Progress - The company has made multiple attempts to urge the counterparty to fulfill their compensation obligations but has not reached an agreement [15]. - The decision to pursue litigation was made to clarify the rights and obligations of both parties regarding the compensation [15].