Progress Announcement on Litigation Matters

✨ AI Summary

Jiangxi Qixin Group Co., Ltd. has received a first-instance civil judgment regarding a loan dispute, where it is ordered to repay 55 million yuan plus interest. The total amount involved in the case is approximately 60.12 million yuan. The company has recognized the principal amount in its accounts, and the judgment's impact on future profits will depend on the final ruling.

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Full Translation

AI Translation· azure_openai

Securities Code: 002781

Securities Abbreviation: *ST Qixin

Announcement Number: 2023-084

Jiangxi Qixin Group Co., Ltd. Progress Announcement on Litigation Matters

The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder:

Current stage of the case: First-instance judgment
Position of the listed company: Defendant
Amount involved: 60.12 million yuan

Jiangxi Qixin Group Co., Ltd. (hereinafter referred to as "the Company") has recently received the "Civil Judgment" [((2023) Gan 0502 Minchu 1924] issued by the People's Court of Yushui District, Xinyu City, Jiangxi Province. The announcement regarding the litigation progress of the loan dispute case between Xinyu Investment Holding Group Co., Ltd. (hereinafter referred to as "Xinyu Investment") and the Company, Xinyu High-tech Zone Zhida Investment Co., Ltd., Ye Jiahao, and Ye Hongxiao is as follows:

1. Basic Situation of the Litigation

The basic situation of the loan dispute case filed by Xinyu Investment against the Company and three other defendants is detailed in the announcement disclosed by the Company on March 21, 2023, under the announcement number: 2023-041.

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