Anhui Huaxin International Holdings Co., Ltd. (hereinafter referred to as "Huaxin International" or "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
I. Basic Situation of the Litigation
On September 18, 2019, Shanghai Huaxin Group Commercial Factoring Co., Ltd., a wholly-owned subsidiary of Huaxin International, received a notice from the Tianjin Binhai New Area People's Court (hereinafter referred to as "Tianjin Binhai Court") regarding the acceptance of a case concerning a creditor's revocation dispute between Huaxin Factoring and Southeast China New House Industry (Tianjin) Co., Ltd. and a third party, Hefei Pengrun Asset Management Co., Ltd. (2019) Tian 0116 Minchu 6202 No. "Notice of Case Acceptance." The case has been formally accepted by the Tianjin Binhai Court.
II. Basic Situation of the Case
(1) Parties Involved
- Plaintiff: Shanghai Huaxin Group Commercial Factoring Co., Ltd. (hereinafter referred to as "Huaxin Factoring" or "Plaintiff")
- Defendant One: Southeast China New House Industry (Tianjin) Co., Ltd. (hereinafter referred to as "New House" or "Defendant One")
- Defendant Two: Hefei Pengrun Asset Management Co., Ltd. (hereinafter referred to as "Hefei Pengrun" or "Defendant Two")
(2) Litigation Requests
- To annul the transfer of 100% equity of Anhui Rongke Huizhong Real Estate Co., Ltd. (hereinafter referred to as "Anhui Rongke Huizhong") from Defendant One to Defendant Two;
- To order that the litigation costs be borne by Defendant One and Defendant Two.