002450SZSE

Announcement on Receipt of the "Summons"

Kangde Tui Co., Ltd.··2 pages

✨ AI Summary

The announcement informs that Kangde Xin Composite Material Group Co., Ltd. has received summonses from the Suzhou Intermediate People's Court regarding contract disputes with GF Fund Management Co., Ltd. The summonses are for two cases, both scheduled for court hearings on June 3, 2021. The company will actively cooperate and manage the lawsuits, noting that the outcomes may impact future profits.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Securities Code: 002450

Securities Abbreviation: Kangde Xin

Announcement Number: 2021-062

Kangde Xin Composite Material Group Co., Ltd. (hereinafter referred to as "Kangde Xin" or "the Company") and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.

Kangde Xin disclosed the "2018 Annual Report" on April 30, 2019, and announced on January 27, 2021, regarding the receipt of the "Civil Complaint," "Execution Ruling," "Execution Notice," "Property Report Order," and "Execution Decision" (Announcement No. 2021-007). On March 16, 2021, it disclosed the "Announcement on Receipt of the 'Summons'" (Announcement No. 2021-036). The contract dispute case mentioned with GF Fund Management Co., Ltd. has recently received the summons (2020) Su 05 Min Chu 1415 from the Suzhou Intermediate People's Court.

Sign in to read the full translation

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