300471SZSE
🚨 Material Event

Announcement on Cumulative Litigation and Arbitration Cases

Hopu Co., Ltd.··5 pages

✨ AI Summary

This announcement details the company's cumulative litigation and arbitration cases over the past twelve months. The total amount involved in new cases is RMB 184.58 million, representing 11.77% of the company's net assets. The company is actively managing these cases, with outcomes for some still uncertain and potentially impacting future profits.

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Full Translation

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This company and its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are not aware of any false representations, misleading statements, or material omissions.

Special Reminder: Due to the judicial process for serving legal documents, the company may not have received, or may have received delayed, some relevant legal documents. As some matters in this announcement are still under litigation, the impact on the company's financial condition, current profits, and future profits is uncertain. Investors are advised to invest rationally and be aware of investment risks.

In accordance with the "Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange," Houpu Clean Energy (Group) Co., Ltd. (hereinafter referred to as "the Company" or "Houpu Shares") has compiled statistics on litigation and arbitration matters involving the Company and its holding subsidiaries within the past twelve months. The relevant situation is hereby announced as follows:

I. Basic Situation of Cumulative Litigation and Arbitration Cases

As of the date of this announcement, excluding previously disclosed litigation and arbitration cases, the cumulative amount of new litigation and arbitration cases received by the Company within twelve months totals RMB 18,458.58 million, accounting for 11.77% of the Company's net assets as of the most recent audited period. Among these, the cumulative amount of litigation and arbitration cases where the Company is the plaintiff or applicant is RMB 13,653.90 million, and the cumulative amount of litigation and arbitration cases where the Company is the defendant or respondent is RMB 4,804.68 million. For specific details of single litigation and arbitration matters exceeding RMB 10 million involving the Company and its holding subsidiaries, please refer to the attached "Statistical Table of Cumulative Litigation and Arbitration Cases."

The Company is resolving these disputes through efforts such as negotiation and active defense. Concurrently, due to the process of serving legal documents, the Company may not have received, or may have received delayed, relevant legal documents.

II. Other Undisclosed Litigation and Arbitration Cases

As of the date of this announcement, there are no major litigation or arbitration cases where the amount involved individually accounts for more than 10% of the absolute value of the Company's net assets as of the most recent audited period and the absolute amount exceeds RMB 10 million. There are no other litigation or arbitration matters that should be disclosed but have not been disclosed.

III. Potential Impact of the Litigation and Arbitration Announced This Time on the Company's Current and Future Profits

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