| 2 | The Ninth Design and Research Institute of Machinery Industry Co. LTD | FAW Jilin | Contractual Dispute | 1,152,057.26 | Jilin Province Higher People’s Court Jilin Intermediate People’s Court | Under enforcement | ||||||
| 3 | FAW Logistics Co. LTD | FAW Jilin | Contractual Dispute | 2,764,619.85 | Jilin Intermediate People’s Court | Under enforcement | ||||||
| 4 | FAW Logistics (Changchun Lushun) Storage and Transportation Co., LTD | FAW Jilin | Contractual Dispute | 2,807,846.16 | Jilin Intermediate People’s Court | Under enforcement | ||||||
| 5 | Changchun FAW International Logistics Co. LTD | FAW Jilin | Contractual Dispute | 1,005,515.83 | Jilin High-Tech Industrial Development Zone People’s Court | Under enforcement | ||||||
| 6 | Thyssenkrupp Presta Fawer(Changchun) Co., Ltd. | FAW Jilin | Contractual Dispute | 598,368.93 | Jilin Intermediate People’s Court Jilin High-Tech Industrial Development Zone People’s Court | Under enforcement | ||||||
| 7 | Changchun Zhongsheng Technology Co., Ltd. | FAW Jilin | Contractual Disputes | 33,201.82 | Jilin High-Tech Industrial Development Zone People’s Court | Stage of second instance trial | ||||||
| 8 | Guangxi Materials Group Liuzhou Electromechanical Co. | FAW Jilin | Contractual Disputes | 40,683.32 | Jilin High-Tech Industrial Development Zone People’s Court | Stage of first instance trial | ||||||
| 9 | FAW Jilin | Changchun FAW Yanfeng Visteon Electronics Co., Ltd. | Contractual Dispute | 454,737.44 | Jilin High-Tech Industrial Development Zone People’s Court | Stage of first instance trial | ||||||
| 10 | FAW Jilin | China First Automobile Co., Ltd. | Contractual Dispute | 830,049.45 | China International Economic and Trade Arbitration Commission | Stage of first instance trial | ||||||
| 11 | FAW Jilin | China First Automobile Co., Ltd. | Contractual Dispute | 2,676,396.71 | China International Economic and Trade Arbitration Commission | Stage of first instance trial | ||||||
| 12 | FAW Jilin | China First Automobile Co., Ltd. | Contractual Dispute | 4,438,315.60 | China International Economic and Trade Arbitration Commission | Stage of first instance trial |
| December 31, 2023 | December 31, 2022 | |||||||
| US$’000 | US$’000 | |||||||
| Prepayments for materials | 7,509 | 16,372 | ||||||
| Prepayments for R&D | 110 | 698 | ||||||
| Prepayments for utilities | 571 | 596 | ||||||
| Other prepayments | 341 | 250 | ||||||
| Deductible value-added tax input | 207 | 630 | ||||||
| Other receivable | 1,662 | 250 | ||||||
| Promissory note receivable | - | 1,380 | ||||||
| Deferred cost | - | 2,959 | ||||||
| Subtotal | 10,400 | 23,135 | ||||||
| Less: allowance for bad debts | (449) | (230) | ||||||
| Net balance | 9,951 | 22,905 | ||||||
| December 31, 2023 | December 31, 2022 | |||||||
| US$’000 | US$’000 | |||||||
| Finished goods | 3,665 | 14,721 | ||||||
| Raw materials | 15,720 | 16,249 | ||||||
| Work-in-process | 7,517 | 9,503 | ||||||
| Inventory, subtotal | 26,902 | 40,473 | ||||||
| Less: inventory impairment provision | (12,117) | (16,555) | ||||||
| Inventory, net | 14,785 | 23,918 | ||||||
