Landai Technology announced that the execution of the sales contract dispute between the subsidiary Chongqing Taiguan Technology Co., Ltd. and Smart Technology Co., Ltd. has been completed. Earlier, Chongqing Taiguan filed a lawsuit over a sales contract dispute with Smart, and the court ruled that Simat paid Chongqing Taiguan 926,200 US dollars for equipment, loss of capital use due to overdue payments, a penalty of 123,500 US dollars, and legal fees of RMB 50,000. After Simat filed an appeal, the second instance verdict was upheld. After the judgment came into effect, Chongqing Taiguan initiated enforcement in accordance with the law, but since there were no enforceable assets under Simat's name, the court decided to end the execution procedure. Later, Chongqing Taiguan applied to Taiwan's Shilin District Court to approve the mainland court's decision. After mediation, a settlement was reached. Simat paid two installments of the settlement before October 30, 2025, totaling 400,000 US dollars. Recently, the People's Court of the Chongqing Pilot Free Trade Zone issued a notice to close the case, informing that the execution of this case has been completed and that the case is closed. The company made partial impairment preparations for this case earlier. The case was settled. The company transferred back 1.59 million yuan of impairment provisions calculated earlier, which had an impact on the company's profit of 1.59 million yuan this year.

Landai Technology announced that the execution of the sales contract dispute between the subsidiary Chongqing Taiguan Technology Co., Ltd. and Smart Technology Co., Ltd. has been completed. Earlier, Chongqing Taiguan filed a lawsuit over a sales contract dispute with Smart, and the court ruled that Simat paid Chongqing Taiguan 926,200 US dollars for equipment, loss of capital use due to overdue payments, a penalty of 123,500 US dollars, and legal fees of RMB 50,000. After Simat filed an appeal, the second instance verdict was upheld. After the judgment came into effect, Chongqing Taiguan initiated enforcement in accordance with the law, but since there were no enforceable assets under Simat's name, the court decided to end the execution procedure. Later, Chongqing Taiguan applied to Taiwan's Shilin District Court to approve the mainland court's decision. After mediation, a settlement was reached. Simat paid two installments of the settlement before October 30, 2025, totaling 400,000 US dollars. Recently, the People's Court of the Chongqing Pilot Free Trade Zone issued a notice to close the case, informing that the execution of this case has been completed and that the case is closed. The company made partial impairment preparations for this case earlier. The case was settled. The company transferred back 1.59 million yuan of impairment provisions calculated earlier, which had an impact on the company's profit of 1.59 million yuan this year.