000611SZSE

Announcement on Major Litigation Progress

Tianshou Retreat Co., Ltd.··2 pages

✨ AI Summary

This announcement informs stakeholders about the ongoing litigation involving Inner Mongolia Tianshou Technology Development Co., Ltd. The court hearing is scheduled for June 23, 2022, concerning a loan of 390 million yuan. The company faces potential risks of losing control over its core asset, Jilin Tianchi Molybdenum Co., Ltd. The impact on current and future profits remains uncertain.

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Full Translation

AI Translation· azure_openai

Inner Mongolia Tianshou Technology Development Co., Ltd.

Announcement

Securities Code: 000611

Securities Abbreviation: *ST Tianshou

Announcement No.: 2022-76

This company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Reminder:

  1. Litigation Stage: The court hearing is scheduled for June 23, 2022.

  2. Status of the 100% owned partnership: Defendant.

  3. Amount involved: Principal of 390 million yuan.

  4. Impact on the company's profits: The outcome of this litigation is not yet determined, and the extent of its impact on current or future profits is unclear, but there is a risk of losing control over the core asset, Jilin Tianchi Molybdenum Co., Ltd.

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