Wuxi HODGEN Technology Co., Ltd. Announcement Document
Announcement Number: 2026-030
Wuxi HODGEN Technology Co., Ltd.
Announcement on Progress of Litigation and Public Listing Transfer of 100% Equity in Shanghai Aorun Information Technology Co., Ltd.
The company and all members of the board of directors guarantee the content of the information disclosure is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.
I. Basic Situation of the Litigation
Wuxi HODGEN Technology Co., Ltd. ("the Company") filed a lawsuit with the Shanghai Second Intermediate People's Court in March 2021 due to a dispute over the equity transfer with Shanghai Yishi Intelligent Technology Co., Ltd. ("Shanghai Yishi") and Shanghai Aorun Information Technology Co., Ltd. ("Aorun Technology"). The Company requested the court to order Shanghai Yishi to pay the third installment of the transfer price for Aorun Technology's 100% equity, amounting to RMB 58,814,210.00, and corresponding liquidated damages (provisionally calculated at RMB 1,940,868.93 as of March 1, 2021), and for Aorun Technology to bear joint and several liability for compensation. The Company also submitted an application for property preservation to the Shanghai Second Intermediate People's Court, requesting the court to seal, seize, and freeze bank deposits of Shanghai Yishi and Aorun Technology totaling RMB 60,755,078.93 or other equivalent assets (for details, please refer to the relevant announcement disclosed by the Company on the Shenzhen Stock Exchange Legal Information Disclosure Platform on March 30, 2021).
In July 2021, the Company received the "Notice of Appearance," "Notice to Produce Evidence," and other relevant materials from the Shanghai Second Intermediate People's Court. It was learned that Shanghai Yishi, as the counterclaim plaintiff (the defendant in this case), filed a counterclaim regarding the aforementioned litigation matter ("this lawsuit"). Shanghai Yishi requested the court to order the Company to pay liquidated damages of RMB 11,447,146.73 and compensate for losses of RMB 18,919,030.25, and applied for the court to preserve company assets totaling RMB 16,000,000.00 in bank deposits (for details, please refer to the relevant announcement disclosed by the Company on the Shenzhen Stock Exchange Legal Information Disclosure Platform on July 21, 2021).