Securities code: 600499 securities abbreviation: Keda Industrial Group Co.Ltd(600499) Announcement No.: 2022-012 Keda Industrial Group Co.Ltd(600499)
Announcement on the progress of litigation involving subsidiaries
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
The litigation stage of the case: Shenyang Gas Co., Ltd. (hereinafter referred to as “gas company”) appealed the judgment of first instance
Party status of the listed company: Shenyang Keda Jieneng Gas Co., Ltd. (hereinafter referred to as “Shenyang Keda Jieneng”), the holding subsidiary of the company, is the appellee (defendant of the first instance)
Amount involved: legal costs of the case
Impact on Listed Companies: the second instance of this lawsuit has not yet been heard, and the result of the lawsuit is uncertain. This lawsuit will not change the scope of the company’s consolidated statements.
1、 Basic information of litigation cases
In July 2021, Shenyang Keda Jieneng, the holding subsidiary of the company, received the summons, notice of response ((2021) Liao 0124 min Chu No. 2225) and civil complaint sent by the people’s Court of Faku County, Liaoning Province. The gas company filed a lawsuit to the court for the resolution dispute of the shareholders’ meeting of Shenyang Keda Jieneng. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on July 31, 2021 Announcement on litigation involving subsidiaries disclosed.
On January 14, 2022, Shenyang Keda Jieneng, the holding subsidiary of the company, received the civil judgment ((2021) Liao 0124 min Chu No. 2225) issued by the people’s Court of Faku County, Liaoning Province. The people’s Court of Faku County, Liaoning Province made a first instance judgment on the above case and rejected the litigation claim of the plaintiff gas company. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on January 15, 2022 The disclosed announcement on the progress of litigation involving subsidiaries.
The gas company appealed to the Shenyang intermediate people’s court for refusing to accept the above judgment of first instance.
2、 Progress of this lawsuit
On February 7, 2022, the subsidiary Shenyang Keda Jieneng received the civil appeal of the gas company sent by the people’s Court of Faku County, Liaoning Province. The main contents are as follows:
(I) litigants
Appellant (defendant of first instance): Shenyang Gas Co., Ltd
Appellee (plaintiff of first instance): Shenyang Keda Jieneng Gas Co., Ltd. (holding subsidiary)
(II) grounds of appeal and request
In the judgment of first instance made in this case, the appellant believed that the judgment ignored the illegal convening procedure of the temporary shareholders’ meeting and the fact that the resolution of the temporary shareholders’ meeting deprived the appellant of his preemptive right, so he appealed according to law. The appeal is as follows:
1. Request to revoke (2021) Liao 0124 min Chu No. 2225 civil judgment according to law and send the case back for retrial or change the judgment according to law;
2. The litigation costs of this case shall be borne by the appellee.
(III) court of appeal: Shenyang intermediate people’s court
3、 The impact of this lawsuit on the company’s profits in the current period or after the period
The people’s Court of Faku County, Liaoning Province, ruled that Shenyang Keda Jieneng, a subsidiary, won the lawsuit in the first instance. At present, the plaintiff gas company has initiated an appeal, and the second instance has not been heard. The result of this lawsuit is uncertain, and the impact on the company’s current or future financial data cannot be determined for the time being. This lawsuit is a resolution cancellation case, which will not lead to the change of the scope of the company’s consolidated statements.
The company pays close attention to and attaches great importance to this case, and will cooperate with professional lawyers to actively respond to the lawsuit and strive to safeguard the rights and interests of the company and investors. The company will continue to pay attention to the progress of the above cases and fulfill the obligation of information disclosure in time. The information disclosure media designated by the company are China Securities News, securities times, Shanghai Securities News and the website of Shanghai Stock Exchange (www.sse. Com. CN), The relevant information is subject to the information disclosed by the company in the above designated media. Please pay attention to the investment risks.
It is hereby announced.
Keda Industrial Group Co.Ltd(600499) board of directors February 8, 2002
