300208SZSE

Announcement on Major Litigation Progress of Controlling Subsidiary and Previous Litigation Developments

Zhongcheng Retreat Co., Ltd.··8 pages

✨ AI Summary

This announcement informs investors about the ongoing litigation involving the company's controlling subsidiary, Qingdao Zhongzi Zhongcheng High-tech Industry Development Co., Ltd. The first-instance judgment requires the subsidiary to pay approximately RMB 61.48 million and RMB 12.96 million in rent and usage fees. The judgment is not yet effective, and its impact on the company's profits remains uncertain.

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Full Translation

AI Translation· azure_openai

Qingdao Zhongzi Zhongcheng Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.

Important Content Reminder:

  1. Litigation stage: First-instance judgment;
  2. Status of the controlling subsidiary: Defendant;
  3. Amount involved: Approximately RMB 38.7497 million;
  4. Impact on the listed company's profits: The judgment is a first-instance ruling and has not yet taken effect, thus the impact on the company's current or future profits remains uncertain. Investors are advised to invest rationally and pay attention to investment risks.

The controlling subsidiary of Qingdao Zhongzi Zhongcheng Group Co., Ltd., Qingdao Zhongzi Zhongcheng High-tech Industry Development Co., Ltd. (hereinafter referred to as "High-tech Company"), recently received a "Civil Judgment" issued by the People's Court of Shinan District, Qingdao City (Case No.: (2024) Lu 0202 Minchu 10942). The progress of the aforementioned case is announced as follows:

1. Basic Information on Major Litigation

On August 1, 2024, the High-tech Company received a "Summons" and "Civil Complaint" from the People's Court of Shinan District, Qingdao City regarding a contract dispute with Qingdao Hainuo Investment Development Co., Ltd. For specific details, please refer to the announcement disclosed by the Company on August 7, 2024, titled "Announcement on Major Litigation of Controlling Subsidiary" (Announcement No.: 2024-047).

2. Main Content of the Civil Judgment

  1. Accepting Institution: People's Court of Shinan District, Qingdao City
  2. Litigation Parties:
    • Plaintiff: Qingdao Hainuo Investment Development Co., Ltd.
    • Defendant: Qingdao Zhongzi Zhongcheng High-tech Industry Development Co., Ltd.
  3. Court Ruling:
    • Qingdao Zhongzi Zhongcheng High-tech Industry Development Co., Ltd. shall pay Qingdao Hainuo Investment Development Co., Ltd. an investment amount of RMB 6,147,549.30 and interest (calculated based on RMB 6,147,549.30 from October 25, 2024, until the actual payment date at the one-year loan market quotation rate published by the National Interbank Lending Center);
    • Qingdao Zhongzi Zhongcheng High-tech Industry Development Co., Ltd. shall pay Qingdao Hainuo Investment Development Co., Ltd. a total of RMB 12,962,612.52 for rent and usage fees within ten days from the effective date of this judgment;
    • Other claims by Qingdao Hainuo Investment Development Co., Ltd. are dismissed.

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