Group 1 - The company announced a settlement agreement with Cedar Wealth regarding legal proceedings involving its indirect wholly-owned subsidiary, Poke Vision Guangzhou, with a total payment of approximately $2.22 million [1][2] - The settlement is intended to fully and finally resolve all claims and costs arising from the legal proceedings, and Cedar Wealth is required to assist in the termination of the arbitration process and the lifting of asset preservation orders [1] - The company has already made the full payment to Cedar Wealth as per the terms of the settlement agreement, and the legal and administrative procedures to lift the asset preservation order are expected to take about six weeks [2] Group 2 - The board believes that entering into the settlement agreement is in the overall interest of the company and its shareholders, and it has not significantly adversely affected the group's overall business, operations, or cash flow [2] - The company's business and operations remain normal as of the announcement date [2]
拨康视云-B(02592)已根据和解协议的条款及条件,向Cedar Wealth悉数支付和解款项