The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Oupu Smart Network Co., Ltd. (hereinafter referred to as "the Company") has published an announcement regarding the progress of overdue debts and new litigation (Announcement No. 2019-040) in designated information disclosure media. Recently, the Company received relevant documents regarding the progress of the litigation. The details of the litigation progress are as follows:
I. Case No. (2018) Yue 0606 Min Chu 20018
(1) Basic Situation
The case involves a financial loan contract dispute between the Company and the Agricultural Bank of China, Shunde Lecong Branch (hereinafter referred to as "Lecong Agricultural Bank"). For specific details, please refer to the Company's announcement regarding overdue debts and new litigation (Announcement No. 2019-040) and the announcement on the progress of major litigation (Announcement No. 2020-067). The Company appealed to the Guangdong Intermediate People's Court against the first-instance judgment issued by the People's Court of Shunde District, Foshan City, Guangdong Province. The trial has now concluded.