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What is Compensation Payment Commitment Letter about?

China Energy Huacheng Technology Co., Ltd. acknowledges a civil ruling requiring them to pay Legacy Healthcare Ltd. a total of 351,478.015 Swiss Francs (RMB 2,862,401.77) due to an arbitration case. Due to financial constraints, they propose a phased payment plan: 30% by July 31, 2025, 30% by October 31, 2025, and 40% by December 31, 2025. They commit to adhering to this schedule and will communicate any necessary adjustments in advance.

Author

Wenxue Zhu

Language

EN