Core Viewpoint - The lawsuit filed by Zhuhai Titan New Power Electronics Co., Ltd. against Hanchuan Intelligent and Mianyang High-tech Exson New Energy Technology Co., Ltd. involves a payment dispute over an equipment procurement contract, with a total claim exceeding 29.23 million yuan [2][3]. Group 1: Lawsuit Details - The plaintiff, Titan New Power, is seeking immediate payment of 27.8 million yuan in overdue payments and interest, along with additional legal fees and costs, bringing the total claim to over 29.23 million yuan [2]. - The equipment procurement contract, signed on January 6, 2023, had a total value of 78 million yuan, with Titan New Power claiming that it has fulfilled its obligations while Hanchuan Intelligent and Mianyang Exson have failed to make payments [2]. Group 2: Hanchuan Intelligent's Defense - Hanchuan Intelligent argues that a tripartite payment agreement was signed, which stipulates that Mianyang Exson is responsible for paying the remaining amount of 31.2 million yuan, and thus Titan New Power has no right to demand payment from Hanchuan Intelligent [3]. - Hanchuan Intelligent has previously filed a lawsuit against Mianyang Exson, resulting in a mediation agreement where Mianyang Exson agreed to offset payments, but if upstream suppliers claim rights, the offset would be invalid [3]. Group 3: Financial Impact - Titan New Power has applied for the preservation of Hanchuan Intelligent's bank deposits amounting to 29.23 million yuan, with the court freezing a total of approximately 3.08 million yuan from two bank accounts [4]. - As of the announcement date, Hanchuan Intelligent's frozen bank funds total approximately 57.18 million yuan, representing 8.79% of the company's audited net assets for 2024 and 31.40% of its cash funds [4].

Core Viewpoint - Lianmei Holdings disclosed that its subsidiary, Shandong Heze Fulin Thermal Technology Co., Ltd. (Fulin Thermal), is involved in two coal procurement lawsuits, resulting in the freezing of part of its bank account funds totaling 6.38 million yuan [2][3]. Group 1: Lawsuit Details - The first lawsuit involves Xiamen Baimei Energy Co., Ltd., which claims Fulin Thermal owes 1.88 million yuan for 2,999.46 tons of coal supplied between February 28 and March 15, 2025 [3][4]. - The second lawsuit is from Yan'an Changli Energy Co., Ltd., which demands payment of 4.09 million yuan for 4,981.5 tons of coal supplied in September 2024, along with additional penalties and fees [4][5]. Group 2: Financial Impact - The total amount frozen from Fulin Thermal's fundraising account is 6.38 million yuan, leaving only 2.37 million yuan available in the account as of September 25, 2025 [5][6]. - The frozen funds are linked to a completed fundraising project for acquiring a 66% stake in Fulin Thermal, which was finalized in April 2025 [6]. Group 3: Company Position - Lianmei Holdings asserts that the lawsuits stem from normal business operations and have not significantly impacted Fulin Thermal's production activities [6]. - As of June 30, 2025, Lianmei Holdings reported total assets of 16.49 billion yuan and a net profit of 524 million yuan for the first half of 2025, indicating that the disputed amounts are relatively minor compared to the company's overall financials [6].

Core Viewpoint - The company Lianmei Holdings disclosed that its subsidiary, Shandong Heze Fulin Thermal Technology Co., Ltd., is involved in two coal procurement lawsuits, resulting in the freezing of part of its bank account funds totaling 6.38 million yuan [1][2]. Group 1: Lawsuit Details - The first lawsuit involves Xiamen Baimei Energy Co., Ltd., which claims that Fulin Thermal has not paid for 2,999.46 tons of coal supplied, amounting to 1.8834 million yuan, leading to a court case and the freezing of 1.88 million yuan from the company's fundraising account [2][3]. - The second lawsuit is from Yan'an Changli Energy Co., Ltd., which alleges that Fulin Thermal owes 4.0866 million yuan for 4,981.5 tons of coal due to a dispute over coal quality, resulting in a request for freezing 4.5 million yuan from the same account [3][4]. Group 2: Financial Impact - The total amount frozen from Fulin Thermal's bank account is 6.38 million yuan, which is a small fraction of Lianmei Holdings' total assets of 16.491 billion yuan and net profit of 524 million yuan for the first half of 2025 [5]. - As of September 25, 2025, the balance in the frozen account was 640.37 million yuan, leaving only 2.37 million yuan available after the freeze [3][4]. Group 3: Company Response - Lianmei Holdings stated that the freezing of funds has not significantly impacted the normal operations of Fulin Thermal, and the company is actively taking legal measures to resolve the disputes [5]. - The company emphasized that the related fundraising project has already been completed as of April 2025, indicating that the impact on future profits remains uncertain [4][5].