Securities Code: 002799
Securities Abbreviation: Huahuan Printing
Announcement Number: 2026-025
Xi'an Huahuan Printing Co., Ltd.
Announcement Regarding Litigation
The Company and the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Notice:
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Litigation Stage: The court has accepted the case and has not yet scheduled a hearing.
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Party Status of the Listed Company: Plaintiff. The Company's holding subsidiary, Huahuan Technology, has a subsidiary, Huacheng Huahuan Information Technology Co., Ltd. (hereinafter referred to as "Huacheng Huahuan"), as Plaintiff One. Huahuan Technology's subsidiary, Jiangsu Huahuan Digital Technology Co., Ltd. (hereinafter referred to as "Jiangsu Huahuan"), is Plaintiff Two.
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Amount Involved: Approximately RMB 397,013,279.73 (including information service fees, overdue payment penalties, legal fees, etc.).
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Impact on the Company's Profit and Loss: As the case has not yet been heard, the final outcome of the litigation and its impact on the company's current or future profits are uncertain.
I. Basic Situation of the Accepted Lawsuit
Xi'an Huahuan Printing Co., Ltd. (hereinafter referred to as the "Company") holding subsidiary Huahuan Technology's subsidiary Huacheng Huahuan has an overdue account receivable from its customer, Beijing Brainstorm Technology Co., Ltd. (hereinafter referred to as "Brainstorm Technology"). Based on the principle of prudence, the Company has made a provision for bad debts for this receivable on a single-item basis. As of December 31, 2024, the Company's cumulative provision for bad debts amounted to RMB 332,614,418.97, with a cumulative provision ratio of 96.58%. For specific details, please refer to the relevant announcements disclosed on the Juchao Information Network (www.cninfo.com.cn) on October 25, 2023, April 26, 2024, and April 25, 2025.