Company Code: 002229
Company Name: Hongbo Co., Ltd.
Announcement No.: 2026-041
Hongbo Co., Ltd.
Announcement on Progress of Major Arbitration and Litigation Matters of Wholly-Owned Subsidiary
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Key Information Prompt:
● Litigation Stage: The court issued a ruling to terminate the enforcement procedure.
● Company's Party Status: The Company's wholly-owned subsidiary, Yingbo Shuke, is the applicant in this enforcement procedure.
● Amount Involved: The claim amount is 294,441,812.6 yuan plus interest. The amount recovered in this enforcement is 261,196.65 yuan.
● Impact on Company's Profit and Loss: This is a phased termination of the enforcement procedure. The applicant has the right to demand the respondent to continue to perform its debt obligations and to apply to the court for resumption of enforcement. The respondent has the obligation to continue to perform its debt obligations to the applicant. The recoverability of the remaining claim in this case is uncertain, and the impact on the Company's future financial data cannot be determined. The Company will continue to pursue debt recovery and fully protect the legitimate rights and interests of the Company and its shareholders.
● We kindly ask investors to make prudent decisions and be aware of investment risks.
I. Basic Situation of the Litigation Matter
Recently, Hongbo Co., Ltd. (hereinafter referred to as the "Company") received an "Enforcement Ruling" issued by the Beijing Third Intermediate People's Court for its wholly-owned subsidiary, Beijing Yingbo Shuke Technology Co., Ltd. (hereinafter referred to as "Yingbo Shuke"). The court ruled to terminate the enforcement procedure initiated by Yingbo Shuke to enforce the arbitration award against Beijing Qianwu Technology Co., Ltd. (hereinafter referred to as "Qianwu Technology").