China Wuyi Stock Co., Ltd.
Announcement on the Progress of Litigation Matters
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.
Special Reminder:
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Litigation stage of the case: First-instance judgment has taken effect;
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Party status of the listed company: Plaintiff;
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Amount involved: RMB 69.5895 million (including principal loan of RMB 39.3960 million, interest of RMB 30.1395 million, legal fees of RMB 4.90 million, and property preservation fee of RMB 0.50 million) (currency is RMB, same below) and insurance premiums;
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Impact on the listed company's profit and loss: The first-instance judgment in the company's lawsuit against Chongqing Bojian for guarantee contract dispute has taken effect. The arbitration case between the company and Chongqing Bojian for contract dispute (Case No.: XA20262162) is directly related to the enforcement of the aforementioned effective judgment on the guarantee contract. This arbitration case has not yet opened for hearing, and the impact of the arbitration result on the company's current and future profits cannot be determined for the time being. The company will take necessary measures according to law to protect its legitimate rights and interests and fulfill its information disclosure obligations in a timely manner according to the progress of the case. Investors are kindly reminded to pay attention to investment risks.
I. Basic Situation of This Litigation