000851SZSE

Announcement on the New Cumulative Litigation and Arbitration Situation

*ST Gaohong Co., Ltd.··8 pages

✨ AI Summary

This announcement details the cumulative litigation and arbitration amounts totaling 325,064.27 million yuan, significantly exceeding the company's net assets. The company has faced multiple lawsuits, including 115 new cases related to contract disputes. Investors are advised to be aware of the associated risks due to the company's current cash flow situation.

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Full Translation

AI Translation· azure_openai

The 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: As of the date of this announcement, the cumulative amount of litigation and arbitration is 325,064.27 million yuan, accounting for 395.97% of the company's most recent audited consolidated net assets and 546.24% of the company's most recent audited net assets attributable to shareholders. Investors are advised to pay attention to investment risks.

I. Disclosure of Litigation and Arbitration Matters

  1. Cumulative Litigation and Arbitration Disclosure
    Dagang Gaohong Network Co., Ltd. (hereinafter referred to as "the Company") has compiled the cumulative litigation and arbitration matters involving the Company and its holding 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 on Cumulative Litigation and Arbitration Situation (Announcement No.: 2024-092) on July 18, 2024
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2024-094) on July 24, 2024
  • Announcement on New Cumulative Litigation and Arbitration Situation (Announcement No.: 2024-103) on August 7, 2024
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2024-108) on August 15, 2024
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2024-134) on September 28, 2024
  • Announcement on New Cumulative Litigation and Arbitration Situation and Progress of Disclosed Litigation Matters (Announcement No.: 2024-138) on October 11, 2024
  • Announcement on New Cumulative Litigation and Arbitration Situation and Progress of Disclosed Litigation Matters (Announcement No.: 2024-154) on December 4, 2024
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2024-155) on December 21, 2024
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-005) on January 24, 2025
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-009) on February 6, 2025
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-014) on February 22, 2025
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-023) on March 6, 2025
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-025) on March 13, 2025
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-031) on March 29, 2025
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-035) on April 16, 2025
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-058) on May 8, 2025
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-063) on June 6, 2025
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-064) on June 21, 2025
  • Announcement on New Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-067) on July 11, 2025
  • Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-075) on July 22, 2025
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-082) on August 2, 2025
  • Announcement on New Cumulative Litigation and Arbitration Situation and Progress of Disclosed Litigation Matters (Announcement No.: 2025-089) on August 14, 2025
  • Announcement on New Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-093) on August 21, 2025
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-110) on September 8, 2025
  • Progress Announcement on Cumulative Litigation and Arbitration Situation (Announcement No.: 2025-133) on September 26, 2025

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