Announcement on Litigation Matters

✨ AI Summary

This announcement informs stakeholders about a lawsuit involving the company, where the plaintiff, Agricultural Bank of China, seeks to reverse the defendant's waiver of a debt claim against a third party, Kairuide Holdings. The claim amounts to 119,689,266.27 yuan. The court has yet to issue a ruling on the case. The company will continue to disclose relevant information as the case progresses.

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Full Translation

AI Translation· azure_openai

Kairuide Holdings Co., Ltd. (hereinafter referred to as "the Company" or "Kairuide") has recently received a lawsuit and related materials delivered by the People's Court of Duodao District, Jingmen City (hereinafter referred to as "Duodao Court"), with case number: (2023) E 0804 Minchu 564. The plaintiff, Agricultural Bank of China, Dezhou Decheng Branch, has filed a lawsuit against the defendant, Jingmen Jinmian Textile Co., Ltd. (hereinafter referred to as "Jinmian Company"), and the third party, Kairuide Holdings Co., Ltd., regarding a creditor's right dispute. The relevant situation is announced as follows:

Basic Information about the Case

Parties Involved
- Plaintiff: Agricultural Bank of China, Dezhou Decheng Branch
  - Address: No. 918, Hubin Middle Avenue, Decheng District, Dezhou City, Shandong Province.
- Defendant: Jingmen Jinmian Textile Co., Ltd.
  - Address: Room 105, 1st Floor, Building 5-6, Yijing New City Community, No. 2, Junmachang 1st Road, Duodao District, Jingmen City.
- Third Party: Kairuide Holdings Co., Ltd.
  - Address: Room 105, Building C, Group 1, Science and Technology Innovation Center, Kechuang Community, Core Area of Jingchu Science and Technology Innovation City, No. 8, Shenzhen Avenue, Zhanghe New District, Jingmen City, Hubei Province.

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