Spearhead Integrated ends litigation execution, focuses on debt recovery

Spearhead Integrated Marketing Communication Group (SZSE:300071) announced that the execution phase of a major lawsuit has concluded. The company was the applicant in the case, which involved CNY 92.3 million. The court has terminated the execution process due to the lack of sufficient executable assets from the defendants, Beijing Kuaiyou Century Technology Co., Ltd., Lin*, Zhang*Ning, and Beijing Huiyou Century Technology Co., Ltd. Spearhead Integrated had already accounted for a full impairment of the receivables in its 2024 financial statements and does not anticipate a significant impact on its 2025 earnings. The company emphasized that it will continue to pursue the debt recovery by actively searching for the defendants' assets and protecting shareholder interests. The company will promptly fulfill its information disclosure obligations based on subsequent developments.