002072SZSE

Announcement on Progress of Litigation Matters

Kairuide Co., Ltd.·

✨ AI Summary

This announcement details the progress of a litigation matter involving Kai Rui De Holdings Co., Ltd. The company filed an execution objection with the Futian Court, which has been accepted and assigned a case number. The outcome of this case may impact the company's current and future profits, with the final determination pending the court's execution ruling.

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Securities Code: 002072 Securities Abbreviation: Kai Rui De Announcement No.: 2024-L002

Kai Rui De Holdings Co., Ltd. Announcement on Progress of Litigation Matters

The Company and all members of the Board of Directors guarantee the content of this announcement is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

I. Basic Situation

Kai Rui De Holdings Co., Ltd. (hereinafter referred to as the "Company" or "Kai Rui De") received an electronic service of the "Notice of Case Acceptance" from the Futian District People's Court of Shenzhen City, Guangdong Province (hereinafter referred to as the "Futian Court") on January 24, 2024. The notice stated that the execution objection filed by the Company against the execution case No. (2023) Yue 0304 Zhi Hui 3092 had been accepted and filed by the Futian Court on January 24, 2024, with case number (2024) Yue 0304 Zhi Yi 13. The prior situation of this case was disclosed in the "Announcement on Major Litigation Matters" (Announcement No.: 2021-L012), "Announcement on Progress of Major Litigation Matters" (2021-L033), "Announcement on Progress of Major Litigation Matters" (Announcement No.: 2022-L023), "Announcement on Progress of Major Litigation Matters" (Announcement No.: 2023-L028), and "Announcement on Freezing of Some Bank Accounts of the Company" (Announcement No.: 2023-L069) disclosed by the Company on January 30, 2021, March 17, 2021, May 6, 2022, June 13, 2023, and December 27, 2023, respectively. The relevant litigation situation is now announced as follows:

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