Core Points - The company, Suzhou Tianwo Technology Co., Ltd., has reached a settlement in a lawsuit against Shandong Fuyu Petrochemical Co., Ltd. regarding a contract dispute involving an amount of approximately 23.79 million yuan [1][4] - The court has confirmed the settlement agreement, which stipulates that Shandong Fuyu will pay the owed amount in installments by November 30, 2026 [4] - The impact of this lawsuit on the company's current and future profits remains uncertain, and the company will disclose further developments as required [1][4] Summary of the Lawsuit - The lawsuit was initiated by Zhanghua Machinery (Suzhou) Heavy Industry Co., Ltd., a subsidiary of the company, against Shandong Fuyu for unpaid equipment costs totaling 22.56 million yuan, with additional interest of 1.22 million yuan [1][3] - The total contract value was 63.90 million yuan, of which 41.34 million yuan has been paid [1][4] - The court's mediation resulted in an agreement where Shandong Fuyu must pay a total of 23.86 million yuan, with specific terms for payment and penalties for non-compliance [4] Legal and Financial Implications - The company will assess the accounting treatment of this lawsuit in accordance with accounting standards, but the exact financial impact on current and future profits is still undetermined [1][4] - The company has committed to timely disclosures regarding any significant developments in this legal matter [4] Documentation - The settlement is documented in the Civil Mediation Document (2025) Lu 0503 Min Chu 2258 [5]