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Horizon Robotics: Guo Xinping and Youhe Technology face the risk of forced share reduction
Horizon Smart announces that shareholder Guo Xinping, who holds over 5% of shares, along with his controlled company Youhe Technology, is involved in a debt dispute with the controlling shareholder Xinghui Electronics. The first-instance judgment orders the repayment of 3.346 billion yuan in debt and 1.417 billion yuan in interest penalties; Guo Xinping holds 164 million shares, accounting for 22.21%, which have already been frozen in the first round and are subject to subsequent freezing. All or part of the shares face judicial disposal and passive reduction risks, with a maximum reduction limit of 164 million shares and a maximum percentage limit of 22.21%.