Xin Lang Cai Jing·2025-11-17 09:10Core Viewpoint - The company is involved in a legal dispute regarding a construction contract, with a claim amounting to 123 million yuan, which represents 10.12% of its latest audited net assets [1] Summary by Relevant Sections - Legal Proceedings The company's wholly-owned subsidiary, Park Landscape Company, has had its construction contract dispute with Dongxu Lantian, Southern Construction, and Xingtai Construction accepted by the People's Court of Xingtai Economic Development Zone in Hebei Province, with the case yet to be heard [1] - Financial Implications The disputed amount is 123 million yuan, excluding delayed payment interest and penalties. The Park Landscape Company has completed the project as per the contract, with a total settlement amount of 272 million yuan, of which 150 million yuan has been received, leaving 123 million yuan outstanding [1] - Claims and Responsibilities The company is seeking a court order for Dongxu Lantian to pay the project funds and interest, while the other two parties are also held accountable within the scope of the outstanding payments, including the responsibility for litigation costs [1] - Profit Impact Uncertainty The impact of this lawsuit on the company's current profits remains uncertain [1]