300649SZSE
🚨 Material Event

Announcement on Initiating Civil Litigation and Arbitration Matters

Hangzhou Garden Co., Ltd.··4 pages

✨ AI Summary

Hangzhou Landscape Design Institute Co., Ltd. has initiated two legal actions: one against Nanchang Jinkai Project Management Co., Ltd. for unpaid project funds totaling approximately 35.69 million yuan, and another against Nanchang Xianghu Meihu Scenic Area Investment Development Co., Ltd. for design fees and guarantees totaling approximately 17.44 million yuan. The company is currently in the litigation and arbitration stages, with no impact on profits determined yet.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Important Content Reminder:

  1. Current litigation stage: Case One has been accepted by the court; Case Two has been accepted by the arbitration committee.
  2. Status of the listed company: Plaintiff.
  3. Amount involved: Case One involves 35.79 million yuan (project funds, penalties, interest, etc.); Case Two involves 17.44 million yuan (design fees, performance guarantees, interest, etc.).
  4. Impact on the listed company's profits: As both cases have not yet been heard, it is currently impossible to assess their impact on the company's current or future profits.

Hangzhou Landscape Design Institute Co., Ltd. (hereinafter referred to as "the Company") recently received notifications from the People's Court of Nanchang Economic and Technological Development Zone and the Nanchang Arbitration Committee. The Company has filed a lawsuit against Nanchang Jinkai Project Management Co., Ltd. for payment of project funds, penalties, interest, etc. (hereinafter referred to as "Case One"), which has been accepted by the People's Court of Nanchang Economic and Technological Development Zone. The Company has also applied for arbitration against Nanchang Xianghu Meihu Scenic Area Investment Development Co., Ltd. for payment of design fees, performance guarantees, interest, etc. (hereinafter referred to as "Case Two"), which has been accepted by the Nanchang Arbitration Committee. The basic situation of this litigation and arbitration is as follows:

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