Huayi Brothers New Cumulative Litigation and Arbitration Amount Exceeds 53 Million Yuan, Accounting for 14.67% of Audited Net Asset Absolute Value

MaticHoleFiller · 2026-03-19T00:16:36+00:00

Huayi Brothers Media released an announcement stating that recent litigation and arbitration proceedings involving the company and its controlling subsidiaries have accumulated to a total of 53.0415 million yuan, representing 14.67% of net assets. The cases are primarily contract disputes, with the company serving as plaintiff in most of them. The company stated it will actively seek settlements and reminded investors to pay attention to potential risks.

MaticHoleFiller

2026-03-19 00:16:36

Abstract generation in progress

Huayi Brothers Media Corporation (Stock Code: 300027, Stock Abbreviation: Huayi Brothers) announced today that the total amount involved in litigation and arbitration cases that have occurred over the past twelve months has reached the disclosure threshold. The newly accumulated total amount of litigation and arbitration is approximately RMB 53.0415 million, accounting for 14.67% of the company’s most recent audited net assets.

The announcement shows that, according to the company’s 2024 annual report, 10% of the most recent audited net assets is RMB 36.1485 million. In this new accumulation of litigation and arbitration cases, the amount involved where the company and its controlling subsidiaries are the plaintiff or applicant is RMB 52.0816 million, accounting for 98.19%; the amount involved where they are the defendant or respondent is RMB 959,900, accounting for 1.81%.

Details of the new accumulated litigation and arbitration cases are as follows:

No.	Plaintiff/Applicant	Defendant/Respondent	Cause of Action	Amount Involved (10,000 RMB)	Notice Date	Litigation (Arbitration) Progress	Trial Result and Impact	Enforcement Status
1	Huayi Brothers Cinema Investment Co., Ltd.	Guangxi Zai Guan Technology Co., Ltd.	Contract Dispute	30.76	March 2026	In first instance trial	Not yet judged	Not yet judged
2	Xin Sheng Tang Film (Tianjin) Co., Ltd.	Shanghai Fenghai Film Co., Ltd.	Contract Dispute	88.84	March 2026	In first instance trial	Not yet judged	Not yet judged
3	Zhejiang Huayi Brothers Film Investment Co., Ltd.	Beijing Yi Yi De Qi Cultural Media Co., Ltd.	Contract Dispute	7.14	March 10, 2026	In first instance trial	Not yet judged	Not yet judged
4	Huayi Brothers Interactive Entertainment (Tianjin) Co., Ltd.	Zhang Yinan, Fu Kai, Zhang Jian, Zhou Lijun, Li Nanxi, Huang Lingbo, Fang Haiyan, Beijing Blue Whale Times Technology Co., Ltd., Beijing Qiankun Hanhai Capital Investment Management Co., Ltd., Chen Zhuo	Contract Dispute	5177.40	March 13, 2026	Filed	Not yet judged	Not yet judged

Additionally, the announcement discloses the latest progress of previously disclosed litigation and arbitration cases, including the trial status, results, and enforcement situations of 27 cases. Some cases have been settled through mediation but remain overdue due to non-compliance with agreements, while several are still in first-instance trial or appeal stages.

Huayi Brothers stated that, since some cases have not yet gone to court or been concluded, the impact on the company’s current or future profits is uncertain. The company will handle accounting in accordance with relevant accounting standards and actual circumstances at the time. The company is actively negotiating settlement plans with all parties and plans to promote core business development through resource integration, optimization, and disposal of non-core assets. Investors are also advised to invest rationally and be aware of investment risks.

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