VALA(02051)：首惠集团的成员公司已就和解事项订立和解协议

Group 1 - The company VALA has entered into a settlement agreement with related entities of Mr. Yang and Shouhui Group, which is seen as a necessary step given the uncertainty surrounding the arbitration proceedings in Hangzhou [1] - The company has lost control over Shouhui Group since August 3, 2022, and there is no guarantee of regaining control, which necessitates the payment of approximately RMB 92 million to Mr. Yang and his related entities [1] - The board believes that settling with Mr. Yang and his related entities is in the best interest of the company and its shareholders due to the significant consequences of an unfavorable arbitration outcome and the associated legal costs [1] Group 2 - The management considers the settlement as the most viable option to ensure partial debt recovery, given the amounts already received [2] - The board sees the acquisition of a 12.9365% equity interest in Shouhui as a good opportunity to recover part of its investment and retrieve some debts, alongside cash incentives to Mr. Yang for facilitating the sale of the entire equity [2] - The company holds approximately 19.12% equity in Shouhui through Tian Tu Investment and Tianjin Tian Tu Xinghua, and an additional 26.92% through other former shareholders under a nominee arrangement [2]