Pengxin Mining(SH:600490) Zhong Guo Zheng Quan Bao·2025-11-14 20:10Core Viewpoint - The company is pursuing legal action to resolve a dispute regarding performance compensation obligations related to the acquisition of Ningbo Tianhong Yihua Trading Co., Ltd, as the counterparties have failed to fulfill their commitments [1][5][6]. Summary by Sections Performance Compensation Obligations - The company has calculated that the counterparties are required to compensate with 220,265,693 shares and cash amounting to 414,317,270.05 yuan [1][3]. - The performance commitment period spans from 2018 to 2024, with a total promised net profit of 1,943.8608 million yuan based on an audit report [2][3]. Progress of Compensation - Despite multiple reminders and negotiations, the counterparties have not complied with the compensation obligations as per the performance commitment agreement [4][5]. - The company has decided to initiate litigation to resolve the compensation dispute after unsuccessful negotiations [5][6]. Board Meeting Decisions - The company's board of directors held a meeting on November 14, 2025, where they approved the resolution to pursue legal action regarding the unresolved performance compensation dispute [6].