300262SZSE

Announcement on Major Litigation

*ST Ba'an Co., Ltd.··2 pages

✨ AI Summary

Shanghai Ba'an Water Co., Ltd. has initiated a lawsuit against Shangyi County Construction Engineering Company for a construction contract dispute, with the court accepting the case. The claimed amount is approximately 15.15 million yuan. The impact on the company's current and future profits remains uncertain as the case has not yet been heard. The company will monitor the situation closely and fulfill its disclosure obligations.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Shanghai Ba'an Water 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 significant omissions.

Important Content Reminder:

  1. Stage of the case: The court has accepted the case and it is currently in the first instance.
  2. Position of the listed company: Plaintiff
  3. Amount involved: 15.1471 million yuan
  4. Impact on the listed company's profits and losses: The case has not yet been heard, and the specific impact of this litigation on the company's current or future profits remains uncertain.

I. Basic Situation of the Litigation Matter
Due to a construction contract dispute, Shanghai Ba'an Water Co., Ltd. has filed a lawsuit against Shangyi County Construction Engineering Company at the People's Court of Qingpu District, Shanghai. On July 2, 2024, the Company received the court's acceptance notice, case number: (2024) Hu 0118 Min Chu 14471.

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