Hongridar Technology Co., Ltd. (hereinafter referred to as "the Company" or "Hongridar") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Important Content Reminder:
- Current litigation stage: First-instance judgment.
- Position of the listed company: Defendant.
- Impact on the company's profits and losses: The company intends to appeal the relevant matters in the judgment to the Intermediate People's Court of Suzhou, Jiangsu Province. The final outcome and its impact on the company's current or future profits remain uncertain. The company will fulfill its information disclosure obligations in a timely manner based on the progress of the case.
I. Specifics of the Litigation
On February 14, 2025, Hongridar Technology Co., Ltd. disclosed information regarding a contract dispute with Liu Jinxiao and Liu Weixing, detailed in the announcement titled "Announcement on the Company's Involvement in Litigation" (Announcement No.: 2025-003) on the Giant Tide Information Network (www.cninfo.com.cn). Subsequently, the plaintiffs Liu Jinxiao and Liu Weixing submitted revised litigation requests to the People's Court of Kunshan City:
- Order the defendant to pay plaintiff Liu Jinxiao a profit dividend of 498,204 RMB for the year 2023 and plaintiff Liu Weixing a profit dividend of 148,717.61 RMB for the year 2023 (based on the defendant's announced 2023 profit distribution plan, with a distribution of 0.930078 RMB per 10 shares; Liu Jinxiao holds 5,356,583 shares, and Liu Weixing holds 1,598,980 shares);
- Order the defendant to pay plaintiff Liu Jinxiao a profit dividend of 133,914.57 RMB for the year 2022 and plaintiff Liu Weixing a profit dividend of 39,974.5 RMB for the year 2022 (based on the defendant's announced 2022 profit distribution plan, with a distribution of 0.25 RMB per 10 shares; Liu Jinxiao holds 5,356,583 shares, and Liu Weixing holds 1,598,980 shares);
- The defendant shall bear the litigation costs of this case.
The plaintiffs do not claim shares or profits from 2015-2021 in this case but reserve the right to file separate lawsuits against the defendant. Recently, the company received the civil judgment from the People's Court of Kunshan City (2025) Su 0583 Min Chu 3316. The specific content is as follows: