Core Viewpoint - The announcement details the ongoing litigation involving Jiangxi Changyun's wholly-owned subsidiary, Shenzhen Huaron Financial Information Consulting Co., Ltd., regarding the recovery of a debt of 10 million RMB and associated costs due to a default by the debtor [2][3][4]. Group 1: Litigation Background - Shenzhen Huaron Financial Information Consulting Co., Ltd. filed a civil lawsuit against the debtor for the recovery of 10 million RMB in principal and 110,000 RMB in legal fees due to overdue factoring payments [3]. - The initial ruling by the Shenzhen Futian District People's Court was upheld by the Guangdong Province Shenzhen Intermediate People's Court, which dismissed the appeal from the debtor [3][4]. - Following the debtor's failure to comply with the court's ruling, Huaron applied for compulsory enforcement of the judgment [4]. Group 2: Enforcement Proceedings - The enforcement application was accepted by the Shenzhen Futian District People's Court, which initiated the enforcement process, including the freezing and seizure of the debtor's assets [4][5]. - The court later determined that the debtor had no other assets available for enforcement, leading to the termination of the current enforcement proceedings, although Huaron retains the right to pursue debt recovery [5][7]. Group 3: Financial Impact - The outcome of the litigation remains uncertain, making it difficult to assess the impact on Huaron's current or future profits [2][9]. - As of the announcement date, Huaron has fully provisioned for the receivable amount of 10 million RMB, reflecting a 100% provision rate for bad debts [9].