002072SZSE

Announcement on the Progress of Major Litigation Matters

Kairuide Co., Ltd.·June 10, 2022

✨ AI Summary

This announcement informs stakeholders about the ongoing civil appeal case involving the company and Zhao Jun. The Guangzhou Intermediate People's Court has dismissed all claims made by Zhao Jun against the company, who has since appealed the decision. The case is currently in the second instance stage, and its outcome remains uncertain, with potential implications for the company's profits yet to be assessed.

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Full Translation

AI Translation· azure_openai

Securities Code: 002072
Securities Abbreviation: *ST Kaired
Announcement Number: 2022-L029

Kaired Holdings Co., Ltd. announces the progress of major litigation matters. The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.

I. Basic Information

Kaired Holdings Co., Ltd. (hereinafter referred to as "the Company" or "Kaired") has recently received a civil appeal notice from the Guangzhou Intermediate People's Court of Guangdong Province (hereinafter referred to as "Guangzhou Intermediate Court") regarding the guarantee contract dispute case (2021) Yue 01 Min Chu 154.

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