Huawu Co., Ltd. Arbitration Matter Execution Concluded, Accumulated Execution Payments Received of 590,000 Yuan

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Jiangxi Huawu Brake Co., Ltd. (Stock Code: 300095, Stock Abbreviation: Huawu Co., Ltd.) announced on March 18, 2026, that it has received the “Enforcement Ruling” issued by the Intermediate People’s Court of Changsha City, Hunan Province, regarding arbitration matters between the company and Qiu Yinghui and Wang Yajie. The ruling terminates the current enforcement procedure. To date, the company has received a total of 590,000 yuan in enforcement payments for this case.

The announcement states that this arbitration case originated from an investment agreement and supplementary agreement signed by Huawu Co., Ltd. with Qiu Yinghui, Wang Yajie, and related parties in 2018. The Shenzhen International Arbitration Court accepted the case in 2023 and issued a ruling in April 2025. The company then applied for enforcement to the Intermediate People’s Court of Changsha City, which officially accepted the case in May 2025. During this period, Qiu Yinghui and Wang Yajie applied to the Intermediate People’s Court of Shenzhen, Guangdong Province, to revoke the arbitration award, but their application was rejected.

According to the latest “Enforcement Ruling,” the court conducted multiple inquiries into the debtor’s property information through the Supreme People’s Court’s online enforcement and investigation system. Aside from bank accounts and equity, no other enforceable assets were found. Since May 23, 2025, the court has transferred a total of 716,862.42 yuan from the debtor’s bank deposits. After deducting enforcement fees of 8,062.42 yuan and 118,800 yuan reserved for the debtor’s living expenses, the remaining 590,000 yuan has been paid to Huawu Co., Ltd.

Regarding the equity held by the debtor, the court found that Changsha Tianying Aviation Equipment Co., Ltd. has been declared bankrupt and placed into liquidation by the Changsha Wangcheng District People’s Court. The 90.9091% equity in Guizhou Huawu Aviation Technology Co., Ltd. held by Tianying and the related equity directly held by the debtor are not currently subject to forced disposal. Given that all enforcement measures have been exhausted and no other enforceable assets have been found, the court has decided to terminate this enforcement procedure. The ruling also clarifies that the applicant for enforcement may request the debtor to continue fulfilling obligations. If enforceable assets are found later, enforcement can be resumed without being limited by the statute of limitations for enforcement applications.

Huawu Co., Ltd. stated that the termination of enforcement will not have a negative impact on the company’s profit and loss. The company will continue to monitor the case progress, actively safeguard its legal rights and interests, and fulfill disclosure obligations in a timely manner.

Additionally, the announcement discloses that within the twelve months prior to this announcement, the company and its subsidiaries and subsidiaries’ subsidiaries, which are within the scope of consolidated statements, had not disclosed litigation or arbitration matters involving a total amount of approximately 73.0854 million yuan, accounting for 4.25% of the most recent audited net assets attributable to shareholders of the listed company. These do not meet the standards for major litigation disclosure. Among these cases, the amount as plaintiff is about 33.2499 million yuan, accounting for 45.49%; as defendant, about 39.8355 million yuan, accounting for 54.51%. As of the disclosure date, the company has no other major litigation or arbitration matters that should be disclosed but have not been disclosed.

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