Kai Rui De Holdings received a civil ruling from the Dezhou Intermediate People's Court allowing the plaintiff, Industrial and Commercial Bank of China Dezhou Branch, to withdraw its lawsuit. This withdrawal is related to a financial loan dispute. The company's restructuring plan has been approved, and the company will use it to repay the disputed debt, with no impact on current or future profits.
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Securities Code: 002072 Securities Abbreviation: *ST Kai Rui Announcement No.: 2021-L0100
Kai Rui De Holdings Co., Ltd. Announcement on Receiving Ruling on Withdrawal of Lawsuit
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the announcement, and that it contains no false records, misleading statements, or significant omissions.
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