Core Viewpoint - The company, Zhongwang Software, is facing arbitration initiated by the IntelliCAD Technology Consortium (ITC) regarding alleged contract violations related to the licensing of IntelliCAD technology to ZYX Tech, a South Korean CAD company [1][2]. Group 1: Arbitration Details - The arbitration application has been accepted but has not yet commenced [1]. - ITC claims that the company violated its contractual obligations by granting ZYX Tech access to IntelliCAD software and related technology [1]. - The arbitration requests include a ruling on the alleged contract violation, an injunction against the company for infringing ITC's trade secrets and copyrights, and a requirement for the company to participate in an audit and provide financial records [1]. Group 2: Financial Impact - ITC is seeking approximately $2.42 million in damages, along with interest, related technical service revenues, punitive damages, arbitration fees, and legal costs [1]. - The company disputes these claims and is preparing for arbitration, including evidence collection and hiring a professional legal team [2]. - As of the third quarter of 2025, the company reported revenues of 538 million yuan, a year-on-year increase of 5.0%, but a net loss attributable to shareholders of 40.85 million yuan, a significant decline of 479.3% [2]. - The company's net cash flow from operations was -28.52 million yuan, an increase in losses of 75.6% year-on-year [2].