Territorial Biology: Applying for the execution of performance compensation arbitration, involving over 43 million.
Tianyu Biotechnology Co., Ltd. announced the progress of performance compensation arbitration. In August 2023, the company filed for arbitration against Liu Bingsheng for failing to fulfill the performance compensation payment obligation. In June 2025, the company received the arbitration ruling, requiring Liu Bingsheng to pay a compensation of 43,295,330.52 yuan and an arbitration fee of 314,273 yuan. As Liu Bingsheng failed to fulfill the payment obligation within the specified period, the company applied for enforcement to the Intermediate People's Court of Haixi Prefecture in 2025 and the application was accepted.
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