Longyuan Technology files two lawsuits over contract disputes, with the total involved amount exceeding 200 million yuan.

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Yantai Longyuan Power Technology Co., Ltd. (stock code: 300105, referred to as “Longyuan Technology”) recently announced that the company has filed two lawsuits with the Yantai Intermediate People’s Court due to contract disputes, with a total amount involved of 207.7038 million yuan. Currently, both cases have been accepted by the court but have not yet been heard.

The announcement indicates that Longyuan Technology is suing Shouguang Yuhua Biotechnology Co., Ltd. and its guarantor, as well as Wenxian Funong Biotechnology Co., Ltd. and its guarantor. Both cases are related to contract disputes, with the accepting court being the Yantai Intermediate People’s Court, and the case numbers being (2026) Lu 06 Min Chu 31 and (2026) Lu 06 Min Chu 30.

According to reports, both cases involve payment issues related to equipment procurement and installation contracts. Specifically, in the lawsuit against Shouguang Yuhua Biotechnology Co., Ltd. (Case One), Longyuan Technology requests the court to order the defendant to pay the overdue contractual amount of 48.8621 million yuan and the remaining accelerated due contractual amount of 25.1714 million yuan, totaling 74.0335 million yuan, along with overdue payment liquidated damages of 4.4587 million yuan calculated up to December 31, 2025. In the lawsuit against Wenxian Funong Biotechnology Co., Ltd. (Case Two), the company requests the court to order the defendant to pay the overdue contractual amount of 79.4091 million yuan and the remaining accelerated due contractual amount of 39.7165 million yuan, totaling 119.1256 million yuan, and to pay overdue payment liquidated damages of 9.5861 million yuan calculated up to December 31, 2025.

In addition, in both cases, Fujian Eternal Energy Management Co., Ltd. and CHEUNG HAREWARD are listed as co-defendants as guarantors. Longyuan Technology requests the court to order the above guarantors to bear joint liability for all payables of Defendant One in their respective cases and requests priority claims on the mortgaged property of Defendant One.

Longyuan Technology stated that as of the date of this announcement, the litigated cases have not yet been heard, and their impact on the company’s current or future profits is uncertain, with the final actual impact subject to the court’s judgment. The company will fulfill its information disclosure obligations in a timely manner according to relevant regulations.

At the same time, the announcement also disclosed that as of the date of this announcement, there are 6 other undisclosed litigation and arbitration matters involving the company and its consolidated subsidiaries, with an amount involved of 19.3649 million yuan. The company and its consolidated subsidiaries do not have any other significant litigation or arbitration matters that should be disclosed but have not been disclosed.

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Editor: Xiaolang Kuaibao