Xinhe Corporation: The factory rental agreement was terminated due to the lessee's breach of contract, and a lawsuit involving 11.23 million yuan was filed.

date
22/01/2026
Xin He shares announced that the company had rented out idle factory buildings to Cross-Strait Integrated in 2021, with a lease term until 2030. In September 2025, due to the other party's operating difficulties and arrears in rent, the company terminated the lease. Recently, as the other party did not make payment according to the contract, the company filed a lawsuit against the Xiamen Haicang District People's Court, involving a principal amount of 11.2284 million yuan without interest. The court has accepted the case, but a trial date has not been set. As of the disclosure date of the announcement, Cross-Strait Integrated has paid rent of 8.9841 million yuan, and the company has retained a deposit of 0.6826 million yuan. The termination of the lease is expected to reduce the company's net profit for the year 2025 by approximately 0.3504 million yuan. The final impact will be determined based on the court judgment and audit results.