Ann: Settlement with Soco Shanghai, page-31

Yep VYR That's my take on it too.

I was just surprised that there had been no mention of Soco litigating against VMT ever that I can recall.

The annual report which was published at the end of March stated categorically that:
There are no contingent liabilities as at 31 December 2023 (31 December 2022: Nil).

The subsequent events note made no mention of any litigation subsequent to 31 December either, but the latest announcement makes it sound like the litigation was more against VMT than by VMT.

For example, Charles was quoted as saying "We are pleased that this matter has settled out of court on what the Board believes are reasonable terms considering the significant additional costs of defending potentially large and time-consuming litigation with uncertainty of court outcome and significant distraction from developing and growing the businesses of Vmoto."

Perhaps I missed an important announcement???