Announcement on Major Litigation
Special Reminder:
- Current stage of the lawsuit: Accepted for filing, not yet adjudicated.
- Position of the company: The company and its actual controller are defendants; the company's holding subsidiary is a third party.
- Amount involved: The amount in dispute is 99,309,430 yuan and related costs.
- Impact on the company's profits: The outcome of the case is uncertain, and its impact on the company's current or future profits remains to be determined. Investors are advised to invest rationally and be aware of investment risks.
Basic Information on the Major Litigation
Recently, Jiangsu Baoxin Technology Co., Ltd. (hereinafter referred to as "the Company") received a summons and civil complaint from the People's Court of Etokqi, Inner Mongolia, regarding a dispute case filed by Etokqi Chengyuan Green Energy Investment Co., Ltd. against the Company and its actual controller, Ma Wei (Case No.: (2026) Nei 0624 Minchu 2511).
Basic Information on the Litigation
Plaintiff: Etokqi Chengyuan Green Energy Investment Co., Ltd.
Defendant 1: Jiangsu Baoxin Technology Co., Ltd.
Defendant 2: Ma Wei
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Third Party: Inner Mongolia Baoxin Green Energy New Energy Technology Co., Ltd.
Litigation Requests:
- Request for Defendant 1 to pay the plaintiff the equity repurchase amount of 99,309,430 yuan and interest calculated at an annual rate of 6% from February 6, 2026, until actual payment;
- Request for Defendant 2 to bear joint liability for the first litigation request;
- Request for all defendants to jointly bear the preservation fees and litigation costs of this case.