Core Viewpoint - Zhejiang Pava New Energy Co., Ltd. has filed an appeal against the first-instance judgment regarding a contract dispute with Zhejiang Gepai Cobalt Industry New Materials Co., Ltd. The case involves the return of specific goods or compensation for their value, with the financial impact on the company remaining uncertain pending the court's decision [2][6]. Group 1: Litigation Details - The company is the appellant in the case, having filed an appeal against the first-instance judgment [2][6]. - The amount in dispute includes a request for the return of 230 tons of PW508 and 162 tons of PW302 goods, or compensation if the goods cannot be returned [2][5]. - The appeal has been accepted by the court, and the company seeks to overturn the previous judgment and have its original claims supported [6]. Group 2: Background of the Case - The original contract was signed on December 5, 2024, where the company provided raw materials for processing, which the defendant failed to return or process as agreed [3][10]. - The defendant confirmed the existence of the goods as of December 31, 2024, but did not fulfill its contractual obligations [3][10]. Group 3: Financial Implications - The impact of the ongoing litigation on the company's profits remains uncertain, as the appeal process is still in its early stages and the final outcome will depend on the court's ruling [2][6][13]. - The company will continue to monitor the situation and fulfill its disclosure obligations as required by law [6][13].

Core Viewpoint - Zhejiang Pava New Energy Co., Ltd. has initiated legal proceedings against Zhejiang Gepai Cobalt Industry New Materials Co., Ltd. and Zhejiang Lujia New Materials Co., Ltd. regarding contract disputes related to processing agreements and the return of goods [1][3][4]. Group 1: Lawsuit Details - The lawsuit has been accepted by the court but has not yet been heard [1][3]. - Zhejiang Pava New Energy Co., Ltd. is the plaintiff in the case against Zhejiang Gepai Cobalt Industry New Materials Co., Ltd., seeking the return of 230 tons of PW508 and 162 tons of PW302 goods, or compensation if the goods cannot be returned [1][7]. - The company is also seeking the return of a total of 1,228,379.66 kg of goods from Zhejiang Lujia New Materials Co., Ltd., with similar compensation terms if the goods cannot be returned [1][7]. Group 2: Financial Claims - Zhejiang Pava Supply Chain Management Co., Ltd., a wholly-owned subsidiary of Zhejiang Pava, is requesting the return of a prepaid processing fee of 13 million RMB from Zhejiang Gepai Cobalt Industry New Materials Co., Ltd., along with interest calculated based on the Loan Prime Rate (LPR) from July 31, 2025, until full payment is made [2][6][7]. - The total amount involved in the lawsuits includes the return of goods and the processing fee, highlighting significant financial stakes for the company [1][2][7]. Group 3: Impact on Operations - The company asserts that the lawsuits will not affect its normal production and operations, emphasizing that the legal actions are aimed at protecting its and its shareholders' rights [2][8]. - The actual impact on the company's profits remains uncertain until the court's decisions are made and executed [2][8].