Core Viewpoint - The announcement details the progress of a lawsuit involving Hanma Technology Group Co., Ltd.'s marketing subsidiary against Shandong Anma Automobile Sales Co., Ltd. regarding a contract dispute, with a total claim amount of approximately RMB 16.79 million [3][5]. Group 1: Case Overview - The lawsuit is currently in the stage of termination of execution [2]. - The marketing subsidiary of Hanma Technology is the applicant for execution in the case [2]. - The lawsuit involves a claim for payment of RMB 16,788,122.44 and penalties from Shandong Anma and its guarantors [3]. Group 2: Execution Status - As of the date of the announcement, the marketing subsidiary has recovered RMB 3,512,360.00 from the lawsuit [4][6]. - The court has issued an execution ruling, confirming that the initial judgment has legal effect, but the defendants have not fulfilled their obligations [6][7]. - The execution procedure has been terminated, but the applicant can apply for resumption if the defendants have recoverable assets [7]. Group 3: Financial Impact - The company is currently unable to estimate the impact of this case on its current or future profits [4][7]. - The company will monitor the case's progress and will handle accounting in accordance with relevant standards [4][7].

Core Viewpoint - The announcement details a lawsuit involving the company's controlling enterprise, Xiamen Hengyu Xingye No. 5 Investment Partnership, against Aerospace Science and Industry Network Information Development Co., Ltd. for contract disputes regarding investment returns and principal repayment [2][3]. Summary by Sections Lawsuit Overview - The lawsuit has been filed in the Haidian District People's Court and is currently in the trial phase without a verdict [3]. - The controlling enterprise is the plaintiff in this case, seeking to recover investment funds and compensation due to contractual disputes [2]. Financial Details - The amount in dispute includes: 1. Other debt investment principal of RMB 16,380,000 [2]. 2. Investment returns calculated at an annual interest rate of 10% starting from March 16, 2022, until full payment is made by the defendant [2]. 3. Penalty fees based on the principal amount, calculated at a daily rate of 0.05% starting from July 9, 2024, until full payment is made [2]. Parties Involved - Plaintiff: Xiamen Hengyu Xingye No. 5 Investment Partnership, with a registered address in Xiamen [4]. - Defendant: Aerospace Science and Industry Network Information Development Co., Ltd., located in Wuhan [4]. Case Background - In February 2022, the plaintiff invested in a partnership, with a total investment of RMB 20 million, of which RMB 6 million was for ordinary equity and RMB 14 million was for other debt investments [5]. - The defendant failed to designate a third party to acquire the investment shares by the agreed deadline of December 31, 2023, leading to the lawsuit [7]. Legal Requests - The plaintiff requests the court to: 1. Order the defendant to return the investment principal of RMB 16,380,000 [8]. 2. Pay investment returns based on the principal amount at a 10% annual rate from March 16, 2022 [8]. 3. Pay penalty fees calculated at a daily rate of 0.05% from July 9, 2024 [8]. 4. Cover all litigation and related costs incurred by the plaintiff [9]. Impact on Company - The lawsuit is a legitimate action taken by the controlling enterprise to protect its rights and will not affect the normal operations of the company [10]. - The impact on the company's profits remains uncertain until the court reaches a decision [10].

Core Viewpoint - Anhui Yuanchan Environmental Technology Co., Ltd. has initiated a lawsuit against Shanxi Jianlong Industrial Co., Ltd. for contract disputes, with the case currently in the first instance trial stage, involving a claim amount of 10,797,561.15 yuan [1][2]. Group 1: Lawsuit Details - The lawsuit is filed by Anhui Yuanchan Environmental Technology Co., Ltd. against Shanxi Jianlong Industrial Co., Ltd. regarding a contract dispute related to the "Low-Temperature Denitrification Retrofit Project" [1][2]. - The case number is (2025) Jin 0823 Minchu 1206, and it is currently under trial in the People's Court of Wenxi County, Shanxi Province [1]. - The plaintiff has fulfilled all contractual obligations, but the defendant has repeatedly delayed and defaulted on payments, leading to significant losses for the plaintiff [2]. Group 2: Financial Impact - The company has made provisions for bad debts on accounts receivable from Shanxi Jianlong Industrial Co., Ltd. in accordance with accounting standards [1][2]. - The impact of the lawsuit on the company's current and future profits is uncertain, and the final effect will depend on the court's ruling [1][2]. - The company commits to timely information disclosure regarding the lawsuit's progress to protect the rights of the company and its shareholders [2].

Core Viewpoint - Wuxi East Heavy Machinery Co., Ltd. announced that its subsidiaries, Wuxi East Photovoltaic Technology Co., Ltd. and East Photovoltaic Technology (Xuzhou) Co., Ltd., have been accepted for reorganization by the courts due to their inability to repay debts, with the aim of restoring normal operations and improving debt repayment capabilities [2][4][10]. Group 1: Reorganization Details - The reorganization applications for Wuxi East Photovoltaic and Xuzhou Photovoltaic were filed by creditor Zhejiang Kaiying New Materials Co., Ltd. due to the subsidiaries' inability to repay due debts [2][4]. - The courts have accepted the reorganization applications, indicating that both subsidiaries have potential for recovery and can better repay debts through this process [10][11]. - The reorganization process aims to optimize the debt structure of the subsidiaries and mitigate risks while protecting the rights of small investors [3][11]. Group 2: Financial Impact - In 2024, the photovoltaic business generated revenue of 295.5744 million yuan, accounting for 24.96% of the company's total revenue [3][28]. - The company has provided financial support of 380 million yuan to Xuzhou Photovoltaic and 27 million yuan to Wuxi Photovoltaic, making it a significant creditor [12][11]. - The reorganization may impact the company's ability to recover financial support provided to the subsidiaries [12][11]. Group 3: Subsidiary Information - Wuxi East Photovoltaic was established on April 17, 2023, with a registered capital of 200 million yuan, while Xuzhou Photovoltaic was established on April 19, 2023, with a registered capital of 500 million yuan [7][9]. - Wuxi East Photovoltaic reported total assets of 184.7102 million yuan and a net loss of 1.2976 million yuan for the year ending December 31, 2024 [7]. - Xuzhou Photovoltaic reported total assets of 702.4191 million yuan, total liabilities of 800.0794 million yuan, and a net loss of 183.7302 million yuan for the same period [9]. Group 4: Legal Proceedings - The courts have recognized the jurisdiction over the reorganization cases based on the location of the subsidiaries and the established debts owed to the creditor [10][11]. - The reorganization is distinct from bankruptcy liquidation, focusing on saving the companies and restoring their profitability [11][10]. - The company will cooperate with the courts and management to explore feasible reorganization strategies, including potential investments from industry players [11][12].