RIFA PM(SZ:002520)2024-09-09 02:38Group 1: Company Overview - Zhejiang Rifa Precision Machinery Co., Ltd. is involved in the production of CNC grinding machines and related equipment, with two main product categories: CNC grinding machines and cutting CNC machine tools [2][4]. Group 2: Product Development - The company has developed a CNC thread grinding machine in 2023, which is suitable for processing components in industries such as new energy vehicles and robotics, achieving high efficiency and precision [4]. - As of the first half of 2024, the company has made progress in market expansion and established strategic partnerships with several clients [4]. Group 3: Financial Matters - Airwork, a subsidiary, had a syndicated loan due on July 31, 2024, amounting to approximately 596 million RMB, which was overdue due to unresolved terms in the loan extension agreement [6]. - The loan extension agreement was successfully signed on August 22, 2024, extending the loan maturity to July 31, 2025 [6]. Group 4: Legal Issues - The company filed a lawsuit in June 2023 against its controlling shareholder for failing to fulfill performance compensation obligations, with the case currently under review by the Hangzhou Intermediate People's Court [6].