300392SZSE

Announcement on the Progress of Company Litigation by Tengxin

Tengxin Holdings··3 pages

✨ AI Summary

This announcement provides an update on the ongoing litigation involving Beijing Tengxin Innovation Network Marketing Technology Co., Ltd. The company is currently in the execution phase of a lawsuit where it is the defendant, with a principal amount of 13.9428 million yuan at stake. The court has issued an execution notice, and the company faces risks of asset freezing or auction. The company assures that the litigation will not significantly impact its current or future profits.

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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) (hereinafter referred to as "Zhongxinghua"), the audited net assets of Beijing Tengxin Innovation Network Marketing Technology Co., Ltd. (hereinafter referred to as "the Company") at the end of 2022 were -644 million yuan. The financial accounting report for 2022 received an audit opinion of "unable to express an opinion," which triggers the circumstances for termination of listing as per Article 10.3.10 of the Shenzhen Stock Exchange's Listing Rules (2023 Revision). The Company's stock has been suspended since May 4, 2023. Investors are advised to invest rationally and be aware of the delisting risk!

Important Content Reminder

  1. Current stage of the litigation (arbitration): Execution phase.
  2. Position of the listed company: Defendant.
  3. Amount involved: Principal of 13.9428 million yuan.
  4. The Company has not fulfilled its payment obligations, and the applicant has applied for compulsory execution, posing risks of asset freezing or auction.

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