000851SZSE

Progress Announcement on Cumulative Litigation and Arbitration Situations

*ST Gaohong Co., Ltd.··9 pages

✨ AI Summary

This announcement provides an update on the cumulative litigation and arbitration cases involving Datang Gaohong Network Co., Ltd. As of the announcement date, the total amount involved in litigation and arbitration is approximately 317.61 million yuan, significantly exceeding the company's net assets. The company has faced multiple lawsuits, with ongoing appeals and uncertain outcomes that may impact future profits. Investors are advised to be cautious regarding investment risks.

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Full Translation

AI Translation· azure_openai

Datang Gaohong Network Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Reminder: As of the date of this announcement, the cumulative amount of litigation and arbitration is 317,605.69 thousand yuan, accounting for 386.88% of the company's most recent audited consolidated net assets and 533.71% of the company's most recent audited net assets attributable to the parent company. Investors are advised to pay attention to investment risks.

I. Disclosure of Litigation and Arbitration Matters

  1. Cumulative Litigation and Arbitration Disclosure Datang Gaohong Network Co., Ltd. has compiled statistics on litigation and arbitration matters involving the company and its subsidiaries over the past twelve months in accordance with the "Shenzhen Stock Exchange Stock Listing Rules" and other relevant regulations. The company disclosed the following announcements in the Securities Times and on the Giant Tide Information Network (www.cninfo.com.cn):
  • Announcement No. 2024-092 on July 18, 2024
  • Announcement No. 2024-094 on July 24, 2024
  • Announcement No. 2024-103 on August 7, 2024
  • Announcement No. 2024-108 on August 15, 2024
  • Announcement No. 2024-134 on September 28, 2024
  • Announcement No. 2024-138 on October 11, 2024
  • Announcement No. 2024-154 on December 4, 2024
  • Announcement No. 2024-155 on December 21, 2024
  • Announcement No. 2025-005 on January 24, 2025
  • Announcement No. 2025-009 on February 6, 2025
  • Announcement No. 2025-014 on February 22, 2025
  • Announcement No. 2025-023 on March 6, 2025
  • Announcement No. 2025-025 on March 13, 2025
  • Announcement No. 2025-031 on March 29, 2025
  • Announcement No. 2025-035 on April 16, 2025
  • Announcement No. 2025-058 on May 8, 2025
  • Announcement No. 2025-063 on June 6, 2025
  • Announcement No. 2025-064 on June 21, 2025
  • Announcement No. 2025-067 on July 11, 2025
  • Announcement No. 2025-075 on July 22, 2025
  • Announcement No. 2025-082 on August 2, 2025
  • Announcement No. 2025-089 on August 14, 2025
  • Announcement No. 2025-093 on August 21, 2025
  • Announcement No. 2025-110 on September 8, 2025.

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