300310SZSE
🚨 Material Event

Announcement on Receiving "Execution Ruling" and Progress of Execution

Eastone Century Technology Co., Ltd.··4 pages

✨ AI Summary

The company received an execution ruling regarding a contract fraud case. The ruling orders the transfer of 2,994,286 shares of Yitong Century held by Shenzhen Dianbo Equity Investment Management Partnership to the company as compensation. This transfer has been completed. The execution ruling is not expected to negatively impact the company's current or future profits.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

Securities Code: 300310

Securities Abbreviation: Yitong Century

Announcement No.: 2026-030

Announcement on Receiving "Execution Ruling" and Progress of Execution

The Company and the entire board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from false records, misleading statements, or significant omissions.

Recently, Yitong Century Technology Co., Ltd. (hereinafter referred to as the "Company") received an "Execution Ruling" [ (2026) Yue 01 Execution Reorganization 368] issued by the Guangzhou Intermediate People's Court of Guangdong Province. The relevant situation is hereby announced as follows:

I. Case Facts and Basic Situation

(I) Parties to the Case

  1. Original Public Prosecutor: Guangzhou People's Procuratorate of Guangdong Province

  2. Original Defendant (Appellant): Fang Yanlin, male, born on October 24, 1963, former legal representative of Shenzhen Times Health Measurement and Analysis Technology Co., Ltd. (hereinafter referred to as "Times Health"). Convicted of contract fraud, he was criminally detained on July 11, 2018, and arrested on August 18, 2018.

  3. Victim: Yitong Century Technology Co., Ltd.

(II) Basic Case Situation

Fang Yanlin, the former legal representative of Times Health, was investigated by the Tianhe Branch of the Guangzhou Public Security Bureau on July 9, 2018, for suspected contract fraud. Details are disclosed in the Company's "Announcement on Receiving the Public Security Bureau's Case Filing Notice and Major Risk Warning Announcement" (2018-068) and "Supplementary Announcement on Receiving the Public Security Bureau's Case Filing Notice and Major Risk Warning Announcement" (2018-071) disclosed on the Juchao Information Network (www.cninfo.com.cn) on July 12, 2018, and July 17, 2018, respectively.

In November 2019, the Company learned that the Tianhe Branch of the Guangzhou Public Security Bureau had transferred the case materials of Fang Yanlin's suspected contract fraud to the Guangzhou People's Procuratorate for review and prosecution. The Guangzhou People's Procuratorate had filed a public prosecution with the Guangzhou Intermediate People's Court. Details are disclosed in the Company's "Announcement on the Progress of Major Matters" (2019-116) disclosed on the Juchao Information Network (www.cninfo.com.cn) on November 28, 2019.

On December 31, 2020, after trial, the Guangzhou Intermediate People's Court of Guangdong Province issued a first-instance judgment.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.