300300SZSE
🚨 Material Event

Announcement on the Progress of Major Contracts and Litigation Matters

Strait Innovation Co., Ltd.··5 pages

✨ AI Summary

This announcement provides updates on a litigation case involving the company as a co-plaintiff. The court has issued a first-instance judgment regarding a construction contract dispute, with a total amount involved of approximately 14.9 million yuan. The judgment is not yet final, and the company will follow accounting standards for any potential impacts on its financials. Investors are advised to exercise caution.

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Full Translation

AI Translation· azure_openai

The company and all members of the board 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. Current litigation stage: First-instance judgment.
  2. Position of the listed company: The company is one of the co-plaintiffs in this litigation.
  3. Amount involved: 14,896,379.98 yuan.
  4. Impact on the listed company's profits and losses: This judgment is a first-instance judgment and has not yet taken effect, leaving the final outcome uncertain. The company will conduct accounting treatment according to relevant accounting standards and actual circumstances, with the final impact subject to confirmation by the annual audit of the accounting firm. The company will continue to follow up on the subsequent progress of this matter and fulfill corresponding information disclosure obligations in a timely manner. Investors are advised to invest cautiously and pay attention to investment risks.

Shenzhen Innovation Internet Co., Ltd. (hereinafter referred to as "the company") recently received the "Civil Judgment" from the People's Court of Yuzhong County, Gansu Province (hereinafter referred to as "Yuzhong County Court") [Case No. (2026) Gan 0123 Minchu 1]. In accordance with the requirements of the "Shenzhen Stock Exchange GEM Stock Listing Rules" and other relevant regulations, the company announces the following regarding the progress of major contracts and litigation matters:

I. Overview of Basic Situation

(1) Main Content of the Original Contract

In 2022, the company, as the lead, formed a bidding consortium with Huabang Construction Investment Group Co., Ltd. (hereinafter referred to as "Huabang Construction") and Gansu Provincial Architectural Design and Research Institute Co., Ltd. to participate in the public bidding for the general contracting (EPC) of the first phase of the "Peng Doctor Northwest 5G Big Data Industrial Park" project. The consortium signed the "General Contract for the Engineering Project" with Pengyun Digital (Gansu) Technology Development Co., Ltd. (hereinafter referred to as "Pengyun Digital") in March 2023, with a total contract amount of approximately 317,658,500.00 yuan (the portion undertaken by the company is 252,234,300.00 yuan, including tax). The consortium is responsible for the design and construction of the first phase of the "Peng Doctor Northwest 5G Big Data Industrial Park" project according to the construction requirements of Pengyun Digital. For specific details, please refer to the company's announcements on the Giant Tide Information Network (www.cninfo.com.cn) regarding the "Announcement on Signing Major Contracts" (Announcement No. 2023-022) and "Announcement on Progress of Major Contracts" (Announcement No. 2024-048).

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