Saca Precision loses final appeal, faces CNY 28.4m impact

Guangdong SACA Precision Manufacturing (SZSE:300464) announced an unfavorable final judgment in a lawsuit involving its subsidiary, Shenzhen ZB Innovation Technology. The case, initiated by six plaintiffs, centered on disputes related to performance bonuses. The court ordered ZB Innovation to pay performance bonuses totaling CNY 2.64M to the plaintiffs and the company to pay interest losses, with the total financial impact estimated at CNY 28.4M. SACA Precision plans to explore options, including a potential retrial, to protect the interests of the company and its shareholders. The company anticipates that the judgement will affect its 2025 profit and loss figures, pending audit.