Core Viewpoint - Cross-Border Communication (002640.SZ) has disclosed a significant lawsuit involving a guarantee contract dispute, with the claimed amount of $182.94 million (approximately 12.94 million RMB) [1][2] Group 1: Lawsuit and Financial Impact - The lawsuit was initiated by Shen Nuo Interactive Digital Marketing Co., which claims that South Star Company (a subsidiary of Cross-Border Communication) owes $115.2 million in advertising fees, along with late fees of $67.74 million and legal costs [2] - The amount involved in this lawsuit represents approximately 1.54% of Cross-Border Communication's latest audited net assets [2] - The company is currently facing six other major lawsuits, with a total potential impact on profits amounting to approximately 80 million RMB [2] Group 2: Company Financials and Risks - In the third quarter, Cross-Border Communication reported revenue of 1.388 billion RMB, with a net loss attributable to shareholders of 10.94 million RMB, marking a year-on-year increase in losses of 71.56% [3] - The company has 22 other litigation and arbitration cases in execution procedures, with a total amount involved of 435 million RMB [2] - The previous major shareholder, Yang Jianxin, has seen a forced execution of shares due to pledge defaults, reducing his stake to below 4.97%, which has weakened market confidence and increased creditor concerns [3]