Core Viewpoint - The company is currently involved in a legal dispute regarding a land lease contract, with a total claim amounting to 17.5989 million yuan [1][2]. Group 1: Lawsuit Background - The company filed a civil lawsuit against Nanning Zhengyang Agricultural Machinery Cooperative and others on October 28, 2022, which was accepted by the court in December 2022 [2]. - The company appealed the first-instance judgment to the Nanning Intermediate People's Court, which was accepted in September 2024 [3]. Group 2: Current Legal Status - The company has submitted a compulsory execution application to the court following the judgment, and the execution case has been accepted with specific case numbers [4]. - The total amount involved in the ongoing legal matters is 17.5989 million yuan [1]. Group 3: Financial Impact - The company has indicated that the uncertainty surrounding the lawsuit's progress and execution makes it difficult to assess the impact on current or future profits [1][6].

Core Viewpoint - Zhejiang Weihai Construction Group Co., Ltd. plans to dispose of 90.3085% equity in its subsidiary Shanghai Qinnian Urban Planning Engineering Design Co., Ltd. due to the subsidiary's deteriorating operational performance and to improve the company's asset structure and focus on its main business [1][5][9] Group 1: Meeting and Decision - The company's seventh board of directors held its 22nd meeting on April 25, 2025, where all nine attending directors unanimously approved the proposal to dispose of the equity [1][5] - The decision was made under urgent circumstances, waiving the three-day prior notice requirement [1] Group 2: Transaction Overview - The equity disposal is currently in the preliminary intention stage, with the transaction counterpart and price yet to be determined [4][9] - The company will engage a qualified accounting firm and asset appraisal agency for auditing and evaluation before finalizing the transfer plan [4][9] Group 3: Background of the Subsidiary - Shanghai Qinnian was acquired in 2018, but its operational performance has significantly declined, leading to a substantial drop in revenue and failure to meet expectations [5][9] - The subsidiary's financial struggles have adversely affected the company, prompting the decision to divest [5][9] Group 4: Financial and Operational Impact - The disposal aims to reduce operational risks, improve asset structure, and optimize resource allocation, which is expected to positively impact the company's future performance [9] - The company currently has no operational dealings with Shanghai Qinnian, and the transaction will not affect its business independence [9]