Core Viewpoint - The arbitration ruling has significantly reduced the financial liability of the company, allowing it to focus on core business development and technological innovation [1] Group 1: Arbitration Outcome - The company and its Hong Kong subsidiary are required to pay a total of $12.6904 million to GDC, while GDC must pay $1.98 million plus accrued interest to the company [1] - The net payment amount is substantially lower than GDC's initial claim of $38 million, indicating a favorable outcome for the company [1] Group 2: Historical Context - The arbitration stemmed from a dispute regarding the execution of a settlement agreement initiated by GDC in 2022, which initially sought $38 million in damages and later increased its claim [1] - The company actively responded to the claims and filed a counterclaim during the arbitration process [1] Group 3: Future Outlook - With the resolution of the arbitration, the company can now focus on its core technology and business development without the burden of historical legal disputes [1] - The company is actively expanding into AR and robotics applications and will showcase its advancements at the 26th China International Optoelectronic Expo from September 10 to 12 [1] - The upcoming exhibition is expected to highlight the company's technological capabilities and convey a positive message about its commitment to innovation and steady progress [1]

Core Points - Shenzhen Guangfeng Technology Co., Ltd. disclosed the final arbitration result, requiring the company to pay a total of $12.6904 million to GDC, while GDC must pay $1.98 million plus accrued interest to Guangfeng [1][2] - The arbitration stemmed from a dispute regarding the execution of a settlement agreement, with GDC initially claiming $38 million in damages, which was significantly reduced in the final ruling [1][2] - The final arbitration decision alleviates uncertainty for investors, allowing Guangfeng Technology to focus on its core business and technological advancements [2] Summary by Sections - **Arbitration Outcome** - The final arbitration ruling requires Hong Kong Guangfeng and the company to pay GDC a total of $12.6904 million, while GDC is to pay $1.98 million plus accrued interest to Guangfeng [1][2] - The initial claim from GDC was $38 million, which was later increased during the arbitration process [1] - **Settlement Agreement Background** - The dispute originated from a 2021 settlement agreement regarding GDC's compensation plan, which included the transfer of 8% equity in GDC BVI to Hong Kong Guangfeng and a cash compensation of $1.2 million [2] - The final arbitration amount includes the performance compensation and related interest, as well as some legal fees designated by the arbitration tribunal [2] - **Market Implications** - The resolution of this long-standing litigation allows Guangfeng Technology to shed historical burdens and concentrate on its core technological innovations and business development [2] - The company is actively expanding into AR and robotics applications and plans to showcase its technological advancements at the upcoming 26th China International Optoelectronic Expo [2]

Core Viewpoint - The arbitration ruling has resolved a long-standing dispute for the company, allowing it to focus on its core business and technological advancements [1][2]. Summary by Relevant Sections Arbitration Outcome - The company and its Hong Kong subsidiary are required to pay a total of $12.69 million to GDC, while GDC must pay $1.98 million plus accrued interest to the company [1]. - The net payment amount is significantly lower than GDC's initial claim of $38 million [1]. - The arbitration stemmed from a dispute regarding the execution of a settlement agreement related to a compensation plan from 2021 [1]. Financial Implications - The final arbitration amount includes performance compensation and related interest, as well as some legal fees designated by the arbitration tribunal [1]. - The company successfully supported its claim regarding GDC's violation of the shareholder agreement, resulting in GDC being ordered to pay $1.98 million plus interest [1]. Market Impact - The resolution of the arbitration brings clarity to investors, alleviating uncertainties that have affected the company for three years [2]. - The company is now positioned to concentrate on its core technology and business development [2]. Future Developments - The company is actively expanding into AR and robotics applications [2]. - It plans to showcase its technological advancements at the 26th China International Optoelectronic Exposition from September 10 to 12 [2].

Core Viewpoint - The arbitration ruling has resolved a long-standing dispute between the company and GDC, allowing the company to focus on its core business and technological advancements [1][2]. Group 1: Arbitration Outcome - The company and its Hong Kong subsidiary are required to pay a total of $12.69 million to GDC, while GDC must pay the company $1.98 million plus accrued interest, resulting in a net payment significantly lower than GDC's initial claim of $38 million [1]. - The arbitration stemmed from a dispute regarding the execution of a settlement agreement related to a compensation plan from 2021, which involved the transfer of an 8% equity stake and a cash compensation of $1.2 million [1]. - The final arbitration amount includes performance compensation, corresponding interest, and a portion of legal fees as determined by the arbitration tribunal [1]. Group 2: Market Implications - The resolution of the arbitration dispute eliminates uncertainty for investors, allowing the company to move forward without the burden of historical legal issues [2]. - The company is actively expanding into AR and robotics applications, indicating a strategic focus on innovation and core business development [2]. - The company plans to showcase its technological advancements at the 26th China International Optoelectronic Expo from September 10 to 12, signaling its commitment to technology innovation [2].

Core Viewpoint - The arbitration ruling has resolved a long-standing dispute for the company, allowing it to focus on its core business and technological advancements [1][2] Group 1: Arbitration Outcome - The company and its Hong Kong subsidiary are required to pay a total of $12.69 million to GDC, while GDC must pay $1.98 million plus accrued interest to the company [1] - The initial claim from GDC was $38 million, which was significantly reduced after the arbitration process [1] - The arbitration stemmed from a dispute regarding the execution of a settlement agreement related to a compensation plan from 2021 [1] Group 2: Business Focus and Future Plans - With the arbitration conclusion, the company can now concentrate on its core technology and business development [2] - The company is actively expanding into AR and robotics applications [2] - The company will participate in the 26th China International Optoelectronic Exposition from September 10 to 12, showcasing its technological capabilities and innovations [2]