Deao General Aviation Co., Ltd. (the "Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Important Content Reminder:
- Stage of the Case: The court summons has not yet been received, and the hearing has not been held.
- Status of the Listed Company: Defendant.
- Potential Negative Impact on Company Profit: As the case has not yet been heard, it is currently impossible to determine the impact on the company's current or future profits.
Recently, Deao General Aviation Co., Ltd. received a civil ruling (No. (2022) Yue 0605 Minchu 9514) issued by the Nanhai District People's Court in Foshan, with the following details:
I. Parties Involved
- Applicant: Bai Yanjun, male, born October 7, 1977, Han nationality, residing in the South Community of Jiefang Road, Donghe District, Baotou City, Inner Mongolia.
- Respondents: Deao General Aviation Co., Ltd., located at Songxia Industrial Park, Songgang, Nanhai District, Foshan, Guangdong Province; Foshan Yilipu Electric Co., Ltd., located at Songxia Industrial Park, Songgang, Nanhai District, Foshan, Guangdong Province.
II. Ruling Details
The applicant, Bai Yanjun, has filed a lawsuit against the respondents, Deao General Aviation Co., Ltd. and Foshan Yilipu Electric Co., Ltd., regarding a dispute related to the company. On April 11, 2022, the applicant requested property preservation, seeking to freeze the bank deposits of the respondents amounting to 21,420,000 yuan or to seal and seize corresponding valued properties, with a guarantee provided by Zhejiang Merchants Property Insurance Co., Ltd., Shenzhen Branch.
The court, upon review, found that the property preservation application by Bai Yanjun complies with legal provisions. According to Articles 103, 105, 106(1), and 111 of the Civil Procedure Law of the People's Republic of China, the ruling is as follows: to freeze the bank deposits of Deao General Aviation Co., Ltd. and Foshan Yilipu Electric Co., Ltd. amounting to 21,420,000 yuan or to seal and seize corresponding valued properties. The application fee of 5,000 yuan shall be borne by the applicant, Bai Yanjun. The applicant may include this application fee in the litigation request. This ruling shall take effect immediately.