Kangde Xin Composite Material Group Co., Ltd. (hereinafter referred to as "Kangde Xin" or "the Company") guarantees that the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions. On May 11, 2020, Kangde Xin disclosed an announcement regarding the receipt of a "Civil Ruling" and "Civil Judgment" (Announcement No. 2020-087), mentioning the lawsuit involving Shanghai Baoye Group Co., Ltd. (hereinafter referred to as "Baoye Group"). Recently, the Company received the summons
002450SZSE
Announcement on Receipt of the "Summons"
✨ AI Summary
Kangde Xin Composite Material Group Co., Ltd. has received a summons from the Suzhou Intermediate People's Court regarding a construction contract dispute with Shanghai Baoye Group. The court date is set for May 28, 2021. The company will cooperate with the legal proceedings, but the outcome remains uncertain and may impact future profits. Investors are advised to be aware of potential risks.
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