000687SZSE

Announcement on the Progress of Litigation Involving Subsidiary

Huaxun Technology Co., Ltd.··3 pages

✨ AI Summary

This announcement informs stakeholders about the ongoing litigation involving the subsidiary, Hebei Huaxun Ark Equipment Technology Co., Ltd. The court has mandated the subsidiary to pay approximately 17.32 million yuan to Hebei Construction Group Co., Ltd. The company is facing financial difficulties and potential risks of being listed as untrustworthy due to delayed payments. Investors are advised to exercise caution.

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Full Translation

AI Translation· azure_openai

The 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 significant omissions.

Special Risk Warning: Huaxun Ark Co., Ltd. (hereinafter referred to as "the Company") will have its stock delisted on the next trading day after the end of the delisting arrangement period. The stock will be traded for 15 trading days during this period, starting from May 26, 2022, with the expected last trading date being June 16, 2022. As of June 13, 2022, the stock will have traded for 12 days, leaving 3 days remaining before delisting. Investors are advised to invest cautiously and be aware of risks.

On June 9, 2022, the Company received the Execution Notice and Property Report (2022) Ji 0609 Zhi 1079 from the People's Court of Xushui District, Baoding City, Hebei Province. According to the aforementioned execution document, the subsidiary, Hebei Huaxun Ark Equipment Technology Co., Ltd. (hereinafter referred to as "Hebei Equipment"), is involved in a construction contract dispute with Hebei Construction Group Co., Ltd., which has entered the enforcement stage. The relevant situation is announced as follows:

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