300209SZSE
🚨 Material Event

Announcement on the Progress of Litigation Related to the Actual Controller and His Concerted Parties

Xingyun Technology Co., Ltd.··3 pages

✨ AI Summary

This announcement details the progress of litigation involving the actual controller and his concerted parties. The company has decided not to appeal the first-instance judgment, which dismissed all claims by its subsidiaries against Wang Wei and Tianxingyun. This outcome is expected to restore the actual controller's ability to provide guarantees, ensuring the company's operational and financing activities for 2026.

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Full Translation

AI Translation· gemini_document

Securities Code: 300209

Securities Abbreviation: Xingyun Technology

Announcement No.: 2026-111

Xingyun Technology Co., Ltd.

Announcement on the Progress of Litigation Related to the Actual Controller and His Concerted Parties

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

Special Reminder:

After careful evaluation by the Company, and based on the resolution passed by the shareholders' meeting approving the "Proposal on the Company's Subsidiary Applying to Withdraw the Lawsuit Against Wang Wei and Tianxingyun," the Company has decided not to appeal the first-instance judgment. The first-instance judgment will be the final resolution of the case.

Recently, Xingyun Technology Co., Ltd. (hereinafter referred to as the "Company") received "Civil Judgment" (2025) Yue 0305 Min Chu No. 26718 and "Civil Judgment" (2025) Yue 0305 Min Chu No. 27321 from the Shenzhen Nanshan District People's Court (hereinafter referred to as the "Nanshan Court"). The details are as follows:

I. Basic Situation

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