Les médias chinois impliqués dans un litige de 175 millions de yuans, la reprise de l'audience est en cours, l'impact sur les bénéfices de l'entreprise reste incertain

Zhejiang Huamei Holdings Co., Ltd. (Stock code: 000607, Stock abbreviation: Huamei Holdings) announced on April 3rd that a lawsuit involving a contract dispute has been resumed for trial by the Intermediate People’s Court of Hengyang City, Hunan Province. The lawsuit stems from the transfer of Shanshan College of Nanhua University, with the plaintiff Hengyang Urban Renewal Investment Co., Ltd. (hereinafter referred to as “Hengyang Renewal”) claiming approximately 175 million yuan in damages from Huamei Holdings and Hengyang Xinchuanshan.

The announcement shows that the lawsuit was initially filed in April 2025 by Hengyang Renewal. Huamei Holdings, as one of the joint defendants, was required to pay a breach of contract penalty of 160.494 million yuan, interest on funds occupied during the period of 14.2547 million yuan, lawyer agency fees of 300,000 yuan, as well as all litigation costs including case acceptance and preservation fees, with the total amount involved temporarily totaling 1.750487 billion yuan. In July 2025, the court previously ruled to suspend the trial of this case. Now that the reasons for suspension have been eliminated, the trial process has been resumed.

Huamei Holdings stated in the announcement that, as of now, no judgment has been made in this lawsuit, so its impact on the company’s current or future profits is uncertain. The final actual impact will be based on the court’s effective judgment. Meanwhile, the company emphasizes that all business operations are normal at present, and the above lawsuit will not cause significant impact on the company’s management and operation.

The company will disclose the follow-up progress of this lawsuit in a timely manner according to relevant regulations. Investors should pay attention to related investment risks.

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