002781SZSE

Announcement on the Progress of Litigation Matters

Qixin Technology Co., Ltd.··2 pages

✨ AI Summary

Jiangxi Qixin Group Co., Ltd. has received a court ruling regarding a civil loan dispute with Xinyu Investment Holding Group Co., Ltd., where the court has frozen assets amounting to RMB 492.5647 million. The company is currently the defendant in this case. The announcement also details other ongoing litigation involving a total of RMB 315.962 million, which significantly impacts the company's audited net assets.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Securities Code: 002781

Securities Abbreviation: *ST Qixin

Announcement Number: 2023-087

Jiangxi Qixin Group Co., Ltd. (hereinafter referred to as "the Company") recently received the "Execution Ruling" issued by the People's Court of Yushui District, Xinyu City, Jiangxi Province, along with other materials such as the "Consumption Restriction Order." This announcement pertains to the litigation progress regarding the civil loan dispute between Xinyu Investment Holding Group Co., Ltd. (hereinafter referred to as "Xinyu Investment") and the Company.

1. Basic Situation of the Litigation

For details on the civil loan dispute case filed by Xinyu Investment against the Company, please refer to the announcement disclosed by the Company on March 16, 2023 (Announcement No.: 2023-039) and the progress announcement on April 21, 2023 (Announcement No.: 2023-054).

Sign in to read the full translation

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