Tanaka Seiki Received 1,538,000 Yuan in Execution Payment for Equity Acquisition Dispute

MaticHoleFiller · 2026-03-24T02:54:39+00:00

Zhejiang Tanaka Precision Machinery announced that due to contract disputes with Gong Lunyong and Peng Jun, the company received an execution payment of 1.5738 million yuan from the Shenzhen Intermediate People's Court in 2026. The case originated from disputes over a share purchase agreement and went through arbitration and execution procedures. The company will continue to monitor case developments and protect its legitimate interests.

MaticHoleFiller

2026-03-24 02:54:39

Abstract generation in progress

Zhejiang Tianzhong Precision Machinery Co., Ltd. (Stock Code: 300461, Stock Name: Tianzhong Precision) announced on March 18th the latest developments in the contract dispute case involving the company and the obligor Gong Lunyong and Peng Jun. The company received RMB 1,573,800 from the Shenzhen Intermediate People’s Court of Guangdong Province on March 17, 2026.

The announcement shows that the case originated from a dispute over the equity acquisition agreement between the company and all shareholders of Shenzhen Yuanyang Xiangrui Machinery Co., Ltd. The case went through arbitration acceptance, rulings, and multiple enforcement procedures. The Shanghai International Arbitration Center issued a ruling on August 8, 2022, requiring the obligor to pay the company compensation of RMB 213.0794 million and corresponding damages (calculated based on RMB 213.0794 million, at a daily rate of 0.03%, from May 17, 2019, until full payment), and to bear arbitration-related costs.

The company states that the received enforcement funds will be accounted for according to enterprise accounting standards, and the final impact on the company’s profit and loss will be subject to the annual audit results confirmed by the auditing agency. As of the date of this announcement, the company has no other major lawsuits or arbitration matters that need disclosure but have not been disclosed. The company will continue to monitor the case’s progress and will legally safeguard its rights and interests.

Key timeline of the case:

Date	Event
December 4, 2019	Received notice of acceptance from Shanghai International Arbitration Center
August 8, 2022	Received arbitration ruling from Shanghai International Arbitration Center
January 6, 2023	Received enforcement ruling from Shenzhen Intermediate People’s Court of Guangdong Province
March 21, 2023	Received notice of resumption of enforcement and property report order
September 22, 2023	Received enforcement ruling from Shenzhen Intermediate People’s Court of Guangdong Province
March 17, 2026	Received enforcement payment of RMB 1,573,800

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Editor: Xiao Lang Kuai Bao

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