Shenzhen Xinyichang sues multiple defendants to recover nearly 38.56 million yuan in payments and fees

Shenzhen Xinyichang Technology Co., Ltd. issued a major litigation announcement. The company signed a "Sales Contract" with Zhongshun Semiconductor Technology Co., Ltd. and supplied goods, but the other party failed to make payment as agreed. The company has filed a lawsuit against Zhongshun Panzhihua, Liu Wenjun, Zhejiang Zhongshun, and Shenzhen Zhongshun at the People's Court of Renhe District, Panzhihua City, involving an amount including the unpaid principal of 37.42 million yuan, overdue payment penalties, attorney fees, and litigation property preservation guarantee fees, totaling 38,558,661 yuan. The case has been accepted but has not yet gone to trial, and the judgment result and execution status are uncertain, making it impossible to predict the impact on the company's profits. The company will disclose progress in a timely manner and remind investors to pay attention to risks