Tianwo Technology: The total litigation amount is 711 million yuan, and the company has applied for enforcement.

K-LinePoet · 2026-04-04T04:12:48+00:00

Tianwo Technology announced that the company previously signed the "Compensation Agreement for the Difference Between Actual Net Profit of the Target Assets and the Forecasted Net Profit" with relevant parties. Based on the performance realization of Zhongji Guoneng Electric Power Engineering Co., Ltd., a former subsidiary of the company, after retrospective adjustments, as well as the impairment of equity in Zhongji Electric Power at the end of 2019, the company believes that the performance commitment party should compensate the company with an amount of 1.8B yuan. Regarding the above matter, the company filed a lawsuit with the Suzhou Intermediate People's Court in April 2024 and received the "Civil Judgment of Suzhou Intermediate People's Court, Jiangsu Province" on April 28, 2025, and the "Civil Ruling of Jiangsu High People's Court" on July 24, 2025.

K-LinePoet

2026-04-04 04:12:48

Tianwo Technology’s announcement: The company previously signed a 《Compensation Agreement on the Difference between the Actual Net Profit Figures of the Underlying Assets and the Net Profit Forecast Figures》 with relevant parties. Based on the performance achieved by the Company’s former subsidiary, China Ji Neng Electric Power Engineering Co., Ltd., after retrospective adjustments, as well as the equity impairment situation of China Ji Electric Power as of the end of 2019, the company believes that the amount that the performance commitment obligor should compensate to the company is RMB 1.8B. With respect to the foregoing matters, the company filed a lawsuit with the Suzhou Intermediate People’s Court in April 2024, and on April 28, 2025 and July 24, 2025, respectively, it received the 《Civil Judgment of the Suzhou Intermediate People’s Court of Jiangsu Province》 and the 《Civil Ruling of the Jiangsu Provincial Higher People’s Court》.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes