000005SZSE

Announcement on the Company's Initiation of Litigation

ST Star Source Co., Ltd.··5 pages

Full Translation

Machine Translation· Azure Translator

Stock Code: 000005 Stock Abbreviation: Century Star Source Announcement No.: 2023-061 Shenzhen Century Star Source Co., Ltd Announcement on the Company's Filing and Involvement in Litigation The company and all members of the board of directors guarantee that the disclosed information is true, accurate, and complete, without any falsehoods Records, misleading statements, or material omissions. Special Reminder:

  1. The litigation amount involved in this announcement is provisionally RMB 243.8711 million;

  2. The impact of the litigation involved in this announcement on the listed company's profit and loss: The litigation affects the company's current profit or The impact of post-period profits remains uncertain, and the final actual impact shall be subject to the court's judgment.

  3. Matters concerning the company's lawsuit

  4. Background Overview For details, please refer to the announcement issued by the company on the same day ("Announcement on Progress of Major Matters," Announcement No. 2023-062).

  5. Basic information on litigation acceptance In view of the fact that the Shenzhen CBIRC Bureau has determined that Blue Space loan funds have been misappropriated (see the above for details). Progress Announcement), to protect the legitimate rights and interests of the listed company, the company has decided to sue the responsible parties, Taihe Ruisi and Hengyuji

The group listed Blue Space and Shenzhen Agricultural Bank as third parties, and requested the defendant to immediately pay the funds to the company Occupation of compensation of 35,314,335.00 yuan and other liability for breach of contract. The company has received the "Case Acceptance Notice" and preservation ruling issued by the People's Court of Nanshan District, Shenzhen, The case number is (2023) Yue 0305 Minchu 9047. 3. Basic information about the litigation (1) Litigants Plaintiff: Shenzhen Century Xingyuan Co., Ltd Defendant One: Shenzhen Taihe Ruisi Investment Co., Ltd Defendant 2: Gong Haipeng Defendant 3: Gong Zemin Defendant 4: Lin Liqun Defendant 5: Shenzhen Hengyu Industrial (Group) Co., Ltd Third Person One: Shenzhen Blue Space Creative City Infrastructure Co., Ltd Third Person 2: Agricultural Bank of China Co., Ltd. Shenzhen Nanshan Branch

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.