Asiainfo Security Subsidiary Faces Arbitration Claim of 147 Million Yuan from Shangyou Lida

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Asiainfo China, a wholly owned subsidiary of Asiainfo Technologies, which is a controlled subsidiary of Asiainfo Security, has been taken to arbitration by Beijing Shangyou Lida Technology over a dispute concerning a procurement contract. The Beijing Arbitration Commission has accepted the case. Shangyou Lida is seeking an award ordering Asiainfo China to pay 123 million yuan for completed goods under the contract, 8.9 million yuan in outstanding payments for requirements analysis and system design, plus overdue interest, legal fees, preservation costs, and preservation insurance premiums, bringing the provisional total to 147 million yuan. Asiainfo Security stated in a filing that if the arbitration outcome is unfavorable, the maximum risk exposure for Asiainfo Technologies would not exceed 119 million yuan, and the maximum impact on net profit attributable to shareholders of the parent company in its consolidated financial statements would not exceed 24.04 million yuan. In the first quarter of 2026, Asiainfo Security reported revenue of 1.211 billion yuan and a net loss attributable to shareholders of the parent company of 186 million yuan.

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Subsidiary faces arbitration claim of 147 million yuan over procurement contract dispute.

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