Shenzhen Xindu Hotel Co., Ltd. (hereinafter referred to as "the Company" or "this Company") and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
I. Litigation Progress
On May 31, 2017, Shenzhen Xindu Hotel Co., Ltd. received the first-instance civil judgment from the Shenzhen Intermediate People's Court regarding the contract dispute case filed by individual Li Qinglai against the Company [(2015) Shen Zhong Fa She Wai Chu Zi No. 190].
II. Basic Case Information
The Company disclosed significant litigation announcements regarding the contract dispute filed by individual Li Qinglai on June 8, 2016, and June 18, 2016. For detailed information, please refer to the relevant announcements published on June 8 and June 18, 2016, in the Securities Times, China Securities Journal, and the Giant Tide Information Network (announcement numbers 2016-06-08 and 2016-06-18).