Joyvio Food resumes enforcement action on unpaid settlement

Joyvio Food (SZSE:300268) has resumed enforcement proceedings against Taoyuan Xianghui for failing to fully comply with a prior settlement agreement. Despite receiving partial payments totaling CNY 2 million in 2023 and subsequent payments of CNY 1 million in 2024 and CNY 685,400 in October 2024 and CNY 1 million in April 2025, Taoyuan Xianghui has not completed the agreed-upon payments. Joyvio Food has engaged legal counsel and is working with the Kaifu District People's Court in Changsha to reinstate enforcement for the remaining principal of CNY 3,685,400 plus accrued interest since July 1, 2022, calculated at 6.8% per annum. The company will continue to provide updates on the matter.