002072SZSE

Progress Announcement on Litigation Matters

Kairuide Co., Ltd.·June 12, 2023

✨ AI Summary

This announcement details the recent developments in a litigation case involving Kairide Holdings Co., Ltd. The Shenzhen Intermediate People's Court upheld the original ruling, rejecting Kairide's appeal. The company has accounted for the judgment debt in its financial provisions, indicating no impact on current or future profits. Kairide will continue to disclose any further relevant litigation developments.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Kairide Holdings Co., Ltd. (hereinafter referred to as "the Company" or "Kairide") recently received the civil judgment from the Shenzhen Intermediate People's Court regarding the case of the Company versus Shenzhen Yonghuiyuan Supply Chain Co., Ltd. and Tianjin Demian Mining Co., Ltd., case number (2022) Yue 03 Min Zhong 15631. The previous details of this case were disclosed in the Company's announcements on January 30, 2021, March 17, 2021, and May 6, 2022.

Basic Information about the Case

Parties Involved
- Appellant (Original Plaintiff): Kairide Holdings Co., Ltd.
- Respondent (Original Defendant): Shenzhen Yonghuiyuan Supply Chain Co., Ltd. (hereinafter referred to as "Yonghuiyuan")

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