Core Viewpoint - The company, ChaoXun Communication, is facing legal challenges and financial strain due to lawsuits related to unpaid debts and frozen bank accounts, which could impact its operations and financial health [1][2][4]. Group 1: Legal Issues - ChaoXun Communication and its subsidiary, ChaoXun (Guangzhou) Network Equipment Co., Ltd., received a civil lawsuit from Xintang Zhichuang (Zhejiang) Electronic Technology Co., Ltd. regarding unpaid debts totaling 89.94 million yuan [2]. - The company is being asked to assume joint liability for the debts of its subsidiary, which amounts to a total of 107 million yuan including principal and penalties [2][3]. - The company has not yet received formal legal documents regarding the freezing of its bank accounts, which is a procedural measure in the ongoing litigation [5]. Group 2: Financial Impact - As of July 31, the company reported that a total of 1.82 billion yuan in bank accounts has been requested for freezing, which represents 79.81% of its latest audited net assets [4]. - The actual amount frozen as of July 30 is 22.48 million yuan, accounting for 9.85% of the company's net assets [4]. - The frozen funds are primarily related to three lawsuits involving server procurement and other business dealings, with specific amounts of 53.1 million yuan and 39.21 million yuan related to different cases [4]. Group 3: Operational Status - Despite the legal challenges and frozen accounts, the company asserts that its normal operations and management have not been significantly adversely affected [4]. - The company has other bank accounts that remain operational, allowing it to continue its business activities [4]. - ChaoXun Communication is actively seeking to resolve the disputes and has reached preliminary agreements with the involved parties to address the issues [5].

Core Viewpoint - The company and its wholly-owned subsidiary are involved in a lawsuit regarding unpaid debts related to server procurement contracts, which may have financial implications depending on the court's final judgment [2][3][5]. Group 1: Lawsuit Details - The lawsuit involves the company and its subsidiary, which received a civil complaint from Xintang Zhichuang (Zhejiang) Electronic Technology Co., Ltd. regarding unpaid payments for 3,361 servers, totaling RMB 173.79 million [3][4]. - The company has paid RMB 83.85 million but still owes RMB 89.94 million, leading to the lawsuit for the outstanding amount plus penalties [3][5]. - The total claim against the company and its subsidiary amounts to RMB 107 million, including the principal and penalties [5]. Group 2: Impact on Financials - The lawsuit is currently in the acceptance stage by the court and has not yet been heard, making it difficult to assess its impact on the company's current or future profits [2][8]. - The company will disclose the actual financial impact based on the court's final ruling and annual audit results [2][8]. Group 3: Frozen Bank Accounts - The company and its subsidiaries have had several bank accounts frozen due to ongoing litigation, with a total estimated amount of RMB 182.15 million involved in various cases [10][12]. - The frozen amounts represent 79.81% of the company's latest audited net assets, with RMB 22.48 million currently frozen, accounting for 9.85% of net assets [13][14]. - The company is actively negotiating with involved parties to resolve disputes and lift the account freezes [12].

Core Viewpoint - The company, Supercom (603322.SH), is facing legal challenges that have resulted in the freezing of bank accounts amounting to 1.82 billion yuan, primarily due to disputes related to business contracts with its subsidiary and other companies [1][4]. Group 1: Legal Issues - Supercom's subsidiary, Supercom (Guangzhou) Network Equipment Co., Ltd., is involved in a lawsuit with Xintang Zhichuang (Zhejiang) Electronic Technology Co., Ltd. regarding unpaid invoices totaling 89.94 million yuan, with an additional penalty of 17.37 million yuan requested [2][3]. - The company has been requested to assume joint liability for the debts of its subsidiary due to its status as the sole shareholder [2][3]. - The freezing of bank accounts is a procedural measure in the ongoing litigation and does not reflect a final judgment on the company's rights and obligations [5]. Group 2: Financial Impact - The total amount requested for freezing due to various lawsuits is 1.82 billion yuan, which represents 79.81% of the company's latest audited net assets [4]. - As of July 30, the actual amount frozen in bank accounts is 22.48 million yuan, accounting for 9.85% of the company's net assets [4]. - The company has indicated that the freezing of accounts has not yet caused significant adverse effects on its normal operations and management [4][5]. Group 3: Future Actions - Supercom is actively communicating with involved parties to resolve disputes and aims to lift the freezing measures on its bank accounts [5]. - The company plans to assert its legal rights and take necessary legal actions to address the ongoing issues [5].