002388SZSE
🚨 Material Event

Announcement on Litigation Progress and Final Judgment

Xinya Process Co., Ltd.··2 pages

✨ AI Summary

This announcement details the final judgment in a lawsuit filed by Ningbo Yongzong Investment Co., Ltd. against Xinya Precision (Zhejiang) Co., Ltd. and its subsidiaries. The court rejected the plaintiff's appeal, upholding the original ruling in favor of Xinya Precision. The company is not liable and the outcome will not negatively impact its profits.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

Securities Code: 002388

Securities Abbreviation: Xinya Precision

Announcement Number: 2026-043

Xinya Precision (Zhejiang) Co., Ltd.

Announcement on Litigation Progress and Final Judgment

The company and all members of its board of directors guarantee the authenticity, accuracy, and completeness of this announcement, and that it contains no false records, misleading statements, or material omissions.

Special Reminder:

Litigation Stage: Final Judgment (Second Instance Judgment).

Party Status of the Listed Company: Xinya Precision (Zhejiang) Co., Ltd. (hereinafter referred to as the "Company"), its wholly-owned subsidiary Zhejiang Xinya Zhongning New Materials Co., Ltd. (hereinafter referred to as "Xinya Zhongning"), and the Shanghai Branch of Xinya Precision (Zhejiang) Co., Ltd. (hereinafter referred to as "Company Shanghai Branch") are the appellees (defendants in the first instance).

Impact on the Listed Company's Profit and Loss: The second instance judgment by the Zhejiang Provincial High People's Court rejected the plaintiff's appeal and upheld the original judgment. The Company bears no legal liability in this judgment, and it will not have an adverse impact on the Company's current or subsequent profits.

I. Basic Situation of the Litigation

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.