Core Points - The company is currently involved in a significant lawsuit as the plaintiff, with the case having been accepted but not yet heard in court [1][2] - The lawsuit pertains to a dispute over the "Southwest Region Electronic Gas Cooperation Agreement," where the company is seeking to terminate agreements and recover a performance bond of 20 million RMB [1][3] - The company has raised jurisdictional objections, which were initially rejected but later upheld by a higher court, transferring the case to a different court for further proceedings [2][3] Lawsuit Details - The lawsuit involves claims against Lai Minggui for failing to provide packaging materials and delaying trial production, which hindered the fulfillment of the contract [1] - The company is also pursuing a separate lawsuit regarding a share transfer dispute with Lai Minggui and Zhongfu Energy Company, seeking confirmation of agreements and compensation for damages totaling 23 million RMB [1][3] - A preliminary intention for settlement has been expressed by both parties, leading to a request for postponement of the court hearing to facilitate negotiations [3] Financial Impact - The company cannot currently estimate the impact of the lawsuit on its profits for the current or future periods, as the final judgment remains uncertain [1][4]

Group 1 - The company, Guilin Tourism Co., Ltd., filed a civil lawsuit on April 10, 2024, regarding a stock transfer dispute with specific individuals and a design engineering company [1] - The court ruled in favor of Guilin Tourism, ordering the defendants to assist in the stock transfer registration within fifteen days of the judgment taking effect [2] - As of the announcement date, the company has other unresolved small lawsuits and arbitration matters totaling approximately 13.3 million yuan, which accounts for 1.24% of the company's audited net assets as of December 31, 2024 [2] Group 2 - The current lawsuit judgment is a first-instance ruling and has not yet taken effect, leaving the final outcome uncertain and its impact on the company's current or future profits indeterminate [2]

Group 1 - The core issue involves a lawsuit filed by the company against Shanghai Wanguang Hengbang Enterprise Management Consulting Partnership (Limited Partnership) for a stock transfer dispute, with the amount in question being RMB 26,950,000 [1][2] - The company had previously signed a stock transfer agreement on December 7, 2021, to sell 20.41% of its shares in Shanghai Zhiyu Information Technology Co., Ltd. for RMB 55,000,000, with payment conditions and penalties outlined [1][2] - The defendant failed to pay the remaining transfer amount after making the first payment, leading to the lawsuit [2] Group 2 - The company is seeking the full payment of the outstanding amount along with a 3% penalty for breach of contract, as stipulated in the Civil Code [2] - The current legal action is described as a legitimate effort by the company to protect its rights and interests [2][3] - The company will monitor the case's progress closely and will disclose any significant updates in accordance with accounting standards and legal obligations [3]

Core Viewpoint - The announcement details the freezing of 79,763,962 shares held by the controlling shareholder, Ningbo Hanyi, due to a lawsuit initiated by Guangzhou Light Industry Trade Group regarding a share transfer dispute [1][3]. Summary by Sections Overview of the Matter - Ningbo Hanyi, the controlling shareholder of the company, is seeking to resolve its debts by transferring part of its shares in the company through an agreement with Guangzhou Light Industry [1][3]. - A negotiation took place in May 2025, where an agreement was signed for Guangzhou Light Industry to conduct due diligence before potentially acquiring shares [2][3]. Details of the Share Freeze - The shares frozen represent 56.46% of Ningbo Hanyi's total holdings and 19.89% of the company's total share capital [4][5]. - As of the announcement date, Ningbo Hanyi holds a total of 141,287,094 shares, which is 35.23% of the company's total shares [4][5]. Impact of the Share Freeze - The freezing of shares and the ongoing lawsuit may introduce uncertainty regarding the control transfer of Ningbo Hanyi and the company [5][6]. - The company asserts that there are no non-operational fund occupations or illegal guarantees that would harm the interests of the listed company [5]. Business Operations - The company's business operations remain normal, and it will continue to focus on enhancing sustainable development and profitability to create greater value for shareholders [6]. Future Measures - Ningbo Hanyi plans to engage professional legal counsel to address the lawsuit and will actively communicate with Guangzhou Light Industry to seek a resolution [6].

Core Viewpoint - The company, Zhizheng Co., has received an arbitration notice from the Shenzhen International Arbitration Court regarding a dispute over equity transfer with SUCCESS FACTORS LIMITED, which has requested approximately 144 million RMB in compensation and related fees [1][2]. Group 1: Arbitration Details - The arbitration request includes claims for overdue payment fees, attorney fees, preservation fees, and property preservation liability insurance fees [1]. - The arbitration case is still pending, and its impact on the company's current or future profits remains uncertain until a ruling is made [1][2]. Group 2: Background of the Dispute - The dispute originated from Zhizheng Co.'s acquisition of a 51% stake in Suzhou Juyun Technology Co., a semiconductor equipment manufacturer, in 2023 [1]. - In April 2025, Zhizheng Co. began preparations to acquire an additional 49% stake in Suzhou Juyun after receiving a notification from SUCCESS FACTORS, and has been in negotiations regarding the acquisition terms [1][2]. Group 3: Financial Performance and Commitments - According to the asset purchase agreement, the original shareholders of Suzhou Juyun, SUCCESS FACTORS, committed to net profits (excluding non-recurring gains and losses) of at least 13.5 million RMB, 18.9 million RMB, and 26.46 million RMB for the years 2022, 2023, and 2024, respectively [2]. - The actual net profit for Suzhou Juyun in 2024 was reported at 26.1345 million RMB, falling short of the performance commitment, resulting in a compensation obligation of 660,000 RMB from SUCCESS FACTORS to Zhizheng Co. [2]. Group 4: Company Response - Zhizheng Co. has stated that it will take effective measures to protect the rights of the company and its minority shareholders, asserting that the arbitration will not significantly impact its normal business operations, and that Suzhou Juyun's production activities are currently running normally [2].