Xinjiang Tianshun Supply Chain Co., Ltd. has won a first-instance judgment in a recovery lawsuit. The Toutunhe District People's Court of Urumqi ordered the defendant, Xinjiang Tianshun Zhongyun Aviation Service Co., Ltd., to pay the company compensation of 55,162,372.09 yuan and interest on the funds within 15 days of the judgment taking effect. The interest is calculated on the principal of 55,162,372.09 yuan at the LPR from May 9, 2026, until the date of actual repayment. The court acceptance fee of 319,703.43 yuan is to be borne by the defendant, and the company's other claims were dismissed. The case stems from an arbitration dispute over a charter flight contract between the company and a Belgian airline and was accepted by the court in April 2026. The company stated that this is a first-instance judgment, and both parties may appeal within 15 days. The final outcome of the litigation and the enforcement situation are uncertain, and the impact on the company's profits remains uncertain.
Xinjiang Tianshun Supply Chain Co LtdWon first-instance judgment ordering defendant to pay ~55.16 million yuan plus interest, though appeal and enforcement remain uncertain.
Ordered to pay compensation and interest, with appeal possible.