TANAC(SZ:300461) Shang Hai Zheng Quan Bao·2026-02-07 13:56Core Viewpoint - The company Tianzhong Precision Machinery (田中精机) is facing a significant legal challenge regarding a 1.08 billion RMB loan, which is being disputed by creditors of its former subsidiary, Youfu Company (佑富公司), claiming that the loan should not be classified as a regular debt [2][3][4]. Group 1: Legal Dispute - On February 6, the company disclosed a major lawsuit concerning a 1.08 billion RMB loan that may not be classified as a regular debt [2]. - The lawsuit was initiated by eight creditors of Youfu Company, who argue that the loan should be considered subordinate to regular debts, and if recognized, should not accrue interest [3][4]. - The creditors assert that the loan was actually a capital investment rather than a typical loan, which could affect the repayment hierarchy in the bankruptcy proceedings [4][6]. Group 2: Company Background and Financial Implications - The dispute originated from Tianzhong's expansion into the lithium battery production sector in 2022, leading to the establishment of Youfu Company, where Tianzhong held a 70% stake [5]. - The initial registered capital for Youfu Company was set at 50 million RMB, but the company faced financial challenges that necessitated further capital injections [5][6]. - The creditors claim that Tianzhong's method of providing funds as loans rather than capital contributions has harmed the interests of other creditors, as it obscured the company's financial obligations [6][7]. Group 3: Current Status and Future Outlook - As of the announcement date, the company has not received formal court documentation regarding the lawsuit, which may impact its current and future profits [7]. - The company is expected to fulfill its information disclosure obligations as the legal situation develops [7].