300392SZSE

Announcement on Major Litigation Progress by Tengxin

Tengxin Holdings··3 pages

✨ AI Summary

Tengxin has reported significant litigation developments following a civil judgment from the Qingdao Intermediate People's Court. The company is required to pay approximately RMB 233.16 million plus interest to Qingdao Global Wealth Center within ten days. The court also ruled on additional financial liabilities, including interest differential losses and preservation insurance fees. The company anticipates no significant impact on its current or future profits from this case.

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Full Translation

AI Translation· azure_openai

Special Risk Warning

  1. According to the audit report for the year 2022 issued by Zhongxinghua Certified Public Accountants (Special General Partnership), the audited net assets of Beijing Tengxin Innovation Network Marketing Technology Co., Ltd. at the end of 2022 were -644 million yuan. The financial report for 2022 received an audit opinion of "unable to express an opinion," which triggers conditions for delisting under Article 10.3.10 of the Shenzhen Stock Exchange's Listing Rules. The company's stock has been suspended since May 4, 2023.
  2. The company has submitted a hearing application as required by the Shenzhen Stock Exchange. If the company fails to attend the hearing on time, it will be deemed to have waived its right to a hearing. If the company attends but the Exchange still decides to delist, the stock will be delisted. Investors are advised to invest rationally and be aware of the delisting risk.

Recently, the company received the civil judgment (2022) Lu 02 Min Chu 1747 from the Qingdao Intermediate People's Court. The details of the litigation progress are as follows:

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