ST Na Chuan: The subsidiary arbitration case was withdrawn, and the second trial judgment of the lawsuit has a result.
ST Na Chuan announced that its subsidiary Sichuan Na Chuan Pipe Co., Ltd. recently received a "Decision" document. Previously, Sichuan Hengcheng Tongtai Construction Technology Co., Ltd. had a construction contract dispute arbitration case with them, but the arbitration committee decided to revoke its jurisdiction because both parties had not submitted a new written arbitration agreement and had agreed to litigate. The amount involved was 17.571 million yuan, with no significant impact on the company's profit and loss. In addition, Hebei Maoqian Municipal Engineering Co., Ltd. and Fujian Nachuan Water Co., Ltd. had a labor dispute case in their second trial. The former issued a 648,600 yuan VAT special invoice to the latter, who was required to pay the outstanding amount within 15 days of receiving the invoice.
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