Jingyan Technology: Progress disclosure of performance compensation for Ant Financial, uncertainties still exist

Jingyan Technology announced that in 2021, the company acquired 60% equity of AnteXin for 180 million yuan. AnteXin did not meet the performance commitment from 2020 to 2022, and the company is required to compensate a total of 461 million yuan over the three years. The company will offset the receivable compensation of 90 million yuan with the unpaid transaction amount. In 2022, the company received compensation of 7.1 million yuan from Xu Mingqiang and is expected to receive compensation of 4 million yuan from Chen Mingfang in April 2026 and 300,000 yuan from Zheng Yilin in June 2026. The court has deducted 160,600 yuan from the compensation of Chen Mingfang and her husband. The uncertainty of performance compensation exists, and the company has not recognized the income of unpaid compensation.