Meiyingsen: Arbitration award awards Ouyang Xuan and New World Payment 30.28M yuan

K-LinePoet · 2026-04-06T23:27:06+00:00

Meiyingsen announced that as the arbitration applicant, the company has received the arbitration award in the dispute over the equity transfer contract with Ouyang Xuan and New World. The award orders Ouyang Xuan and New World jointly to pay the company a total of 30.2754 million yuan for breach of contract, legal fees, preservation fees, preservation security fees, arbitration fees, and other costs; the award also orders the company to pay Ouyang Xuan legal fees of 150k yuan. This case is expected to bring certain benefits to the company.

K-LinePoet

2026-04-06 23:27:06

MeiYingSen’s announcement: The company, as the arbitration applicant, has received the arbitral award in the arbitration case concerning a dispute over the Equity Transfer Contract between Ouyang Xuan and NewTiandi. The award orders Ouyang Xuan and NewTiandi to jointly and severally pay the company liquidated damages, attorneys’ fees, preservation costs, security/guarantee costs, arbitration fees, and other expenses, totaling RMB 3027.54 million. The award also orders the company to pay attorneys’ fees of RMB 15 million to Ouyang Xuan. This case is expected to generate some revenue for the company.

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