Zhejiang Shangshi Investment Group Co., Ltd. Announcement on Company's Major Litigation Receiving First-Instance Civil Judgment
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
- Litigation Stage: First-instance judgment
- Company's Party Status: Plaintiff
- Amount Involved: RMB 1.63 billion
- Impact on Company's Profit and Loss: This litigation case is currently in the first-instance judgment stage, and the impact on the Company's current or subsequent profits cannot be accurately determined.
Recently, Zhejiang Shangshi Investment Group Co., Ltd. (hereinafter referred to as "Shangshi Investment" or "the Company") received a "Civil Judgment" (2024)浙01民初1922号 from the Hangzhou Intermediate People's Court (hereinafter referred to as "Hangzhou Intermediate Court"), and the relevant situation is hereby announced as follows:
I. Basic Situation of the Litigation