Core Viewpoint - The announcement from Kexuan Power Holdings (00476) indicates a legal decision from the Chongqing Arbitration Commission regarding the sale of Chongqing Zhongtong New Energy Vehicle Technology Co., Ltd. and the associated financial obligations [1] Group 1: Legal Proceedings - The company and its wholly-owned subsidiary, China Power (600482) New Energy Technology Co., Ltd., received a statutory demand letter dated December 24, 2025, from legal advisors representing creditors [1] - The statutory demand requires the company (as guarantor) and China Power (as the primary debtor) to repay a total of RMB 38.9672 million within three weeks of receiving the demand [1] - The amount includes the price paid by the buyer under the sale agreement dated June 2, 2023, along with penalties and compensation [1] Group 2: Financial Implications - If the repayment is not made, creditors may file for liquidation against both the company and China Power [1]