Kairuide Holdings Co., Ltd. (hereinafter referred to as "the Company" or "Kairuide") received a judgment from the Jingmen City Duodao District People's Court (hereinafter referred to as "Duodao District Court") via electronic delivery on July 1, 2024, regarding case number (2024) E 0804 Min Chu 421. The judgment result is that the lawsuit request from the plaintiff, Agricultural Bank of China, Dezhou Decheng Branch, is dismissed. The preliminary situation of the case has been disclosed by the Company in designated information disclosure media, as detailed in the announcements dated April 14, 2023 (Announcement No.: 2023-L019), November 27, 2023 (Announcement No.: 2023-L060), and January 24, 2024 (Announcement No.: 2024-L001). The latest judgment situation is announced as follows:
002072SZSE
Announcement on Winning the First Instance of Litigation
✨ AI Summary
This announcement informs that Kairuide Holdings Co., Ltd. has won a first-instance ruling from the Jingmen City Duodao District People's Court, which dismissed the lawsuit filed by the Agricultural Bank of China. The court ruled against the plaintiff's claims regarding a debt of 119,689,266.27 yuan. The company will continue to monitor the case and disclose any further developments.
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