Announcement of Arbitration Award Result by Anhui Weis Shuanglian Technology Co., Ltd. (Subsidiary of Ding Xuan-KY)
Anhui Weis Shuanglian Technology Co., Ltd. has been awarded over RMB 15.14 million in land compensation and related costs by the Maanshan Arbitration Commission. This ruling confirms the respondent's obligation to pay compensation, interest, and legal fees, potentially impacting the company's financial standing.
📋 Article Processing Timeline
- 📰 Published: May 7, 2026 at 09:00
- 🔍 Collected: May 8, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 8, 2026 at 08:23 (23 min after Collected)
1. Parties to the legal case:
Applicant: Anhui Weis Shuanglian Technology Co., Ltd.
Respondent: Management Committee of Maanshan Ci Lake High-tech Industrial Development Zone
2. Court name or disposing authority:
Maanshan Arbitration Commission
3. Case number of the relevant document:
(2024) Ma Zhong An Cai Zi No. 0830
4. Date of fact occurrence: 2026/05/07
5. Cause of occurrence (including subject of dispute):
Anhui Weis Shuanglian Technology Co., Ltd. filed an arbitration application with the Maanshan Arbitration Commission due to disputes related to land compensation, etc.
6. Handling process:
The arbitration tribunal has made an award, ruling that the respondent shall pay land compensation and other losses, interest, legal fees, and related expenses.
7. Impact on company's financial and business operations and estimated impact amount:
The arbitration tribunal ruled that the respondent shall pay land compensation and other losses amounting to RMB 15,143,350.51, as well as related interest and legal fees of RMB 220,000, and arbitration and appraisal fees of RMB 174,810.
8. Countermeasures and improvement status:
@The company will continue to track the follow-up execution status and handle it in accordance with relevant regulations.
9. Other matters to be stated (if the subject of the event or resolution is a publicly issued company or above, this major information also meets the requirements of Article 7, Paragraph 2 of the Securities Transaction Act Enforcement Rules regarding matters that have a major impact on shareholder equity or securities prices): None
Keywords: Major Information
Applicant: Anhui Weis Shuanglian Technology Co., Ltd.
Respondent: Management Committee of Maanshan Ci Lake High-tech Industrial Development Zone
2. Court name or disposing authority:
Maanshan Arbitration Commission
3. Case number of the relevant document:
(2024) Ma Zhong An Cai Zi No. 0830
4. Date of fact occurrence: 2026/05/07
5. Cause of occurrence (including subject of dispute):
Anhui Weis Shuanglian Technology Co., Ltd. filed an arbitration application with the Maanshan Arbitration Commission due to disputes related to land compensation, etc.
6. Handling process:
The arbitration tribunal has made an award, ruling that the respondent shall pay land compensation and other losses, interest, legal fees, and related expenses.
7. Impact on company's financial and business operations and estimated impact amount:
The arbitration tribunal ruled that the respondent shall pay land compensation and other losses amounting to RMB 15,143,350.51, as well as related interest and legal fees of RMB 220,000, and arbitration and appraisal fees of RMB 174,810.
8. Countermeasures and improvement status:
@The company will continue to track the follow-up execution status and handle it in accordance with relevant regulations.
9. Other matters to be stated (if the subject of the event or resolution is a publicly issued company or above, this major information also meets the requirements of Article 7, Paragraph 2 of the Securities Transaction Act Enforcement Rules regarding matters that have a major impact on shareholder equity or securities prices): None
Keywords: Major Information