Core Viewpoint - Guangdong Mingzhu Group Co., Ltd. announced that its wholly-owned subsidiary has received a civil ruling from the provincial high court regarding a loan dispute, which is currently in the execution phase [1][2]. Group 1: Case Background - The subsidiary, Guangdong Mingzhu Group Land Co., Ltd., entered into a cooperation contract with Xingning Qisheng Industrial Co., Ltd. for a real estate development project that expired on November 15, 2021 [4]. - Due to Qisheng Industrial's failure to fulfill obligations under a debt settlement agreement, the subsidiary filed a lawsuit on December 2, 2022, after multiple communications failed [4][5]. - The case was accepted by the court, and a civil judgment was issued on January 17, 2024, confirming the execution of the judgment [5]. Group 2: Case Progress - On August 1, 2025, the company received a civil ruling from the provincial high court, which rejected Qisheng Industrial's application for retrial regarding the previous judgment [7]. - The case is currently in the execution phase, and the timeline for recovering the loan principal and interest remains uncertain [8]. Group 3: Financial Implications - The total amount involved in the case includes a principal of approximately 433.62 million yuan and interest of about 91.54 million yuan as of November 28, 2022 [3]. - The company is unable to determine the impact of this lawsuit on its current profits due to the uncertainty surrounding the execution results [3][8].

Core Points - The company announced that its wholly-owned subsidiary, Guangdong Mingzhu Group Land Co., Ltd., is in the execution phase of a lawsuit against Xingning Qisheng Industrial Co., Ltd. regarding a debt recovery case [1][2] - The total amount involved in the case includes a principal loan of 433,624,807.88 yuan and interest of 91,538,479.86 yuan as of November 28, 2022 [1][2] - The company is currently unable to determine the impact of this lawsuit on its profits due to the uncertainty surrounding the execution results [1][4] Case Background - The lawsuit stems from a cooperation agreement related to the "Liankang City (Phase 6 and 7)" real estate development project, which expired on November 15, 2021 [2] - A debt settlement agreement was signed on March 14, 2022, but Xingning Qisheng failed to meet the repayment obligations, leading to legal action [2][3] - The case has progressed through various legal stages, including a civil judgment and a subsequent application for retrial by Xingning Qisheng, which was ultimately rejected by the provincial high court [4] Current Status - The case is now in the execution phase, with the company actively pursuing the recovery of the owed amounts [1][4] - The company will continue to disclose updates regarding the lawsuit in accordance with legal regulations [4]