Announcement on Litigation Progress of Xiamen Xinda Co., Ltd.

✨ AI Summary

This announcement details the progress of litigation involving Xiamen Xinda Co., Ltd. and its agreements with Lin Xiucheng and Sanan Group. The court has auctioned 74,273,746 shares of Sanan Optoelectronics, resulting in proceeds of approximately 1.01 billion yuan. The expected impact on the company's net profit for the year is about 540 million yuan, pending further judicial developments.

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