Aoto Electronics subsidiary sued over 135 million yuan construction contract dispute

Regulation
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Aoto Electronics announced on September 14 that its wholly owned subsidiary Shenzhen Qianbaihui Intelligent Engineering Co., Ltd. has been sued by Inner Mongolia Qianyihui Smart City Construction Co., Ltd. and others over a construction contract dispute, with the amount involved tentatively set at 135 million yuan. The case has been accepted for first-instance filing by the court and a hearing date has been scheduled. The plaintiffs are asking the court to order the defendant Qianbaihui to pay 109 million yuan in project discount compensation plus corresponding interest. Aoto Electronics said it does not accept the plaintiffs' claims, will actively respond to the lawsuit in accordance with the law, and reserves the right to pursue the plaintiffs for losses caused. In the first half of 2026, Aoto Electronics achieved revenue of 416 million yuan and net profit attributable to the parent company of 13.67 million yuan.

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Shenzhen Aoto Electronics Co Ltd
002587
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Wholly owned subsidiary Qianbaihui is being sued for 135 million yuan in a construction contract dispute, creating legal liability for Aoto Electronics.

Off-coverage companies 1

内蒙古千亿汇智慧城市建设有限公司Private± Mixed
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The company is the plaintiff suing Qianbaihui for 109 million yuan in project compensation, but the outcome of the litigation is uncertain.

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