New Jufeng's Subsidiary Faces Three New Arbitration Cases with Total Disputed Amount of 75.595 Million Yuan

Log in to Sina Finance App and search for [Information Disclosure] to see more evaluation levels.

Shandong Xin Jufeng Technology Packaging Co., Ltd. (Stock Code: 301296,简称 “Xin Jufeng”) announced on March 19 that three of its subsidiaries recently submitted arbitration applications to the Shanghai International Economic and Trade Arbitration Commission (“Shanghai ICC”), involving issues such as the validity of contracts and the return of deposits. One of the arbitration cases involves a temporarily total amount of 75.595 million yuan. The Shanghai ICC accepted the arbitration applications on March 18, 2026.

The announcement shows that the three newly added arbitration cases are as follows: Subsidiary Fenmian Packaging (Shandong) Co., Ltd. (“Shandong Fenmian”), as the applicant, claims that the “Entrusted Production Framework Agreement” signed with Yingtai Packaging (Beijing) Co., Ltd. is not effective for it, and requests the return of delivery and quality deposits, payment for capital occupation, and compensation for damages, totaling 75.595 million yuan; Subsidiary Fenmian (Beijing) Trading Co., Ltd. (“Beijing Fenmian”) claims that the “Trademark License Agreement” and “Trademark Authorization Letter” signed with Wintipak AG are not effective for it; and subsidiary Greatview Holdings Limited (“Fengjing Group”) claims that the “Trademark License Agreement” and “Trademark Authorization Letter” signed with Wintipak AG are not effective for it. All these contracts specify Chinese law as the governing law, and disputes are to be resolved through arbitration at the Shanghai ICC.

As of the disclosure date, all these arbitration cases are still under review and have not yet gone to court, so the final outcome is uncertain. Xin Jufeng stated that the impact of these arbitrations on the company’s current and future profits is uncertain, and the specific effects will depend on the arbitration or enforcement results. The company will handle accounting treatment in accordance with accounting standards and actual circumstances.

Additionally, the announcement discloses other pending litigation and arbitration cases involving the company and its subsidiaries, including a dispute with Tetra Pak over abuse of market dominance (currently in the second instance at the Supreme People’s Court), litigation related to the restructuring of Fenmian Packaging’s international business (Hong Kong High Court), arbitration of the framework agreement between Shandong Fenmian and Wintipak AG (Hong Kong International Arbitration Center), and a lawsuit requiring the shareholding company to provide financial data (Hong Kong High Court). Meanwhile, the company and its controlling subsidiaries have not reached the threshold for major disclosure in the past 12 months for small-scale litigation and arbitration cases, with a total involved amount of 8.9543 million yuan, accounting for 0.34% of the company’s latest audited net assets, posing no significant impact on the company.

The company stated it will continue to follow up on the progress of relevant arbitration cases, actively safeguard its legal rights, and fulfill information disclosure obligations in a timely manner. Investors are advised to be aware of investment risks.

Click here to view the original announcement >>

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. All information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have questions, please contact biz@staff.sina.com.cn.

Massive information, precise analysis, all on Sina Finance App.

Editor: Xiao Lang Kuai Bao