002127SZSE

Announcement on Major Litigation Progress of the Company

✨ AI Summary

This announcement provides an update on a significant lawsuit involving the company and Shanghai Xinhengzhao Enterprise Development Co., Ltd. The litigation amount has been reduced from 565,404,284.89 yuan to 313,259,078.52 yuan. The case is currently in the evidence exchange phase of the first instance. The company will continue to disclose information as the case progresses.

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Full Translation

AI Translation· azure_openai

Special Reminder

  1. Current litigation stage: Case acceptance, evidence exchange for the first instance is ongoing.
  2. Parties involved:
    • (1) Shanghai Xinhengzhao Enterprise Development Co., Ltd. vs. Nanjing E-commerce Co., Ltd.: Defendant
    • (2) Nanjing E-commerce Co., Ltd. vs. Shanghai Xinhengzhao Enterprise Development Co., Ltd.: Plaintiff
  3. Amount involved:
    • (1) The amount disclosed for the lawsuit filed by Shanghai Xinhengzhao against Nanjing E-commerce was 565,404,284.89 yuan (excluding interest), which has now changed to 313,259,078.52 yuan (excluding interest).
    • (2) Nanjing E-commerce has filed another lawsuit against Shanghai Xinhengzhao for an amount of 81,690,733.00 yuan (tentative), and evidence exchange for the first instance is ongoing.
  4. Impact on the company's profit and loss: The client has not recognized revenue for the year, and given that the case is still under trial, the specific impact on the company's current or future profits is uncertain. The company will fulfill its information disclosure obligations in a timely manner based on the progress of the case.

I. Previously Disclosed Litigation

Nanjing E-commerce Co., Ltd. (hereinafter referred to as "the Company") is in litigation with Shanghai Xinhengzhao Enterprise Development Co., Ltd. (hereinafter referred to as "Shanghai Xinhengzhao") regarding the "Trademark License Service Contract." For details, please refer to the announcement titled "Announcement on Major Litigation Situation of the Company" (Announcement No.: 2025-064) disclosed by the company on January 5, 2026, in the Securities Times and on the Giant Tide Information Network (www.cninfo.com.cn).

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