Delong Composite Energy Group Co., Ltd.
Announcement on Progress of Subsidiary Litigation
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Notes:
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Litigation Stage: Second Instance Accepted
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Party's Status: Plaintiff
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Amount Involved: RMB 24.2 million, plus interest calculated based on the同期LPR (Loan Prime Rate) from the date of overdue repayment to the date of actual payment.
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Impact on Company's Profit and Loss: The second instance of this litigation has not yet been heard or ruled upon, and its impact on the company's current or future profits is uncertain.
I. Basic Situation of the Litigation