Core Viewpoint - The announcement from Kexuan Power Holdings (00476) indicates a legal ruling from the Chongqing Arbitration Commission regarding the sale of Chongqing Zhongtong New Energy Vehicle Technology Co., Ltd. and highlights potential financial liabilities for the company and its subsidiary [1] Group 1: Legal and Financial Implications - The company and its wholly-owned subsidiary, China Power New Energy Technology Co., Ltd., received a statutory demand letter on December 24, 2025, from legal representatives acting on behalf of creditors [1] - The statutory demand requires the company and China Power to repay a total of RMB 38.9672 million within three weeks of receiving the demand, which includes the price paid by the buyer under the sale agreement dated June 2, 2023, along with penalties and compensation [1] - Failure to repay the amount may result in creditors filing for liquidation against both the company and China Power [1]