内蒙古博源化工股份有限公司关于重大仲裁事项的进展公告

Core Viewpoint - The arbitration ruling requires Inner Mongolia Boyuan Chemical Co., Ltd. to pay a total of approximately RMB 1.89 billion to Mengda Mining for the difference in exploration rights payment, along with additional legal fees and costs, while the impact on the company's daily operations is deemed minimal [3][4][20]. Arbitration Details - The arbitration is at the final ruling stage, with Boyuan Chemical as the first respondent [2][3]. - The total amount ordered to be paid by Boyuan Chemical includes RMB 1,889,145,230 for exploration rights and RMB 915,798.36 for legal and related fees [3][4]. - Boyuan Chemical is also responsible for 85% of the arbitration costs amounting to RMB 11,855,584.95 [3][4]. Financial Impact - The ruling is not expected to significantly affect the company's daily operations [4][20]. - The financial impact on the company's overall financial status and profit is currently indeterminate, as the company has not yet finalized the accounting treatment for the arbitration ruling [20]. - As of the announcement date, the company has accrued an estimated liability of RMB 1,149,035,612.59 related to this arbitration [20]. Background of the Dispute - The arbitration stems from a 2009 agreement where Boyuan Chemical and Shanghai Zheda transferred 51% of Mengda Mining's shares to China Coal Energy Co., Ltd., with obligations for any exploration rights payments [7][9]. - The dispute arose after a court ruling required Mengda Mining to pay RMB 2.22 billion for exploration rights, which led to the arbitration claim against Boyuan Chemical [8][9]. Ruling Summary - The arbitration tribunal ruled that Boyuan Chemical must pay the specified amounts to Mengda Mining and the applicant, with additional costs being shared among the parties involved [18][19]. - The ruling is final and effective immediately, with payments required within 20 days of the ruling [19]. Other Legal Matters - As of the announcement, there are no other undisclosed litigation or arbitration matters involving the company or its subsidiaries [19].