Souyute Group Co.Ltd(002503) : Announcement on the progress of litigation and arbitration matters

Securities code: 002503 securities abbreviation: Souyute Group Co.Ltd(002503) Announcement No.: 2022-008 convertible bond Code: 128100 convertible bond abbreviation: soute convertible bond

Souyute Group Co.Ltd(002503)

Announcement on the progress of litigation and arbitration matters

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

Souyute Group Co.Ltd(002503) (hereinafter referred to as Souyute Group Co.Ltd(002503) group “or” company “) issued 2021-056: Announcement on cumulative litigation and arbitration on July 3, 2021, disclosing the dispute over financial loan contract between Guangzhou Branch of China Trust Commercial Bank Co., Ltd. and Souyute Group Co.Ltd(002503) group and Dongguan Souyute Group Co.Ltd(002503) supply chain management Co., Ltd. For details, please refer to cninfo.com( http://www.cn.info.com.cn. )And relevant announcements on the securities times and other media.

1、 Progress of the above major litigation cases of the company

On February 9, 2022, the company received the civil judgment of the first instance of the people’s Court of Nansha District of Guangdong Free Trade Zone on the above case [(2021) Yue 0191 min Chu No. 12291]. The main contents of the judgment are as follows:

1. The defendant (counterclaim plaintiff) Souyute Group Co.Ltd(002503) returned the loan principal of 11771826.84 yuan and paid the default interest of the loan to the plaintiff (counterclaim defendant) Guangzhou Branch of China Trust Commercial Bank Co., Ltd. within 10 days from the date of legal effect of the judgment (from December 16, 2021, based on the unpaid principal, calculated at the annual interest rate of 5.98% to the date of actual repayment);

2. The defendant (counterclaim plaintiff) Souyute Group Co.Ltd(002503) paid the plaintiff (counterclaim defendant) Guangzhou Branch of China Trust Commercial Bank Co., Ltd. 150000 yuan of lawyer’s fee loss within 10 days from the date of legal effect of the judgment;

3. Reject other claims of the plaintiff (counterclaim defendant) Guangzhou Branch of China Trust Commercial Bank Co., Ltd;

4. Reject all counterclaim requests of the defendant (counterclaim plaintiff) Souyute Group Co.Ltd(002503) .

If the obligation to pay money is not performed within the period specified in this judgment, the debt interest during the period of delayed performance shall be doubled in accordance with Article 260 of the Civil Procedure Law of the people’s Republic of China.

2、 Progress of other disclosed small claims and arbitration cases of the company

The company will be established on July 3, 2021, July 31, 2021, September 28, 2021 and November 11, 2021 respectively

On May 5, the “2021-056: Announcement on cumulative litigation and arbitration” and “2021-070: Announcement on cumulative new litigation and arbitration” were issued

Announcement on the increase of litigation and arbitration, 2021-088: Announcement on the cumulative increase of litigation and arbitration, 2021-097:

The announcement on the cumulative new litigation and arbitration disclosed that the company had accumulated small amount as of November 4, 2021

There are 39 litigation and arbitration matters in total. See cninfo.com for details( http://www.cn.info.com.cn. )

And relevant announcements on the securities times and other media.

The progress of some small claims and arbitration cases is disclosed as follows:

No. case No. plaintiff defendant cause of action amount involved (yuan) case progress

(2021) Dongguan Longxiang second instance judgment: the defendant pays the plaintiff

1. In 1971, the sales contract of Textile Co., Ltd. at the beginning of the Republic of China was 2008768.75 yuan, and the payment for goods and interest were 2008768.75 yuan. The plaintiff in the dispute of No. 13534 company has applied for enforcement, and the amount of enforcement was 2108722.00 yuan, which has not been enforced.

(2021) Guangdong Dongguan Mulian Dongguan Souyute Group Co.Ltd(002503) power of attorney contract in the second instance, the defendant refunded the repayment to the plaintiff. 2. The dispute between minchu Wood Trading Co., Ltd. and Chain Management Co., Ltd. was 434000.00 yuan and interest.

Company division 15530

(2021) the judgment of Guangdong first instance rejected all the plaintiff’s claims. 3 in 1971, the labor dispute of Zhou Yugeng company at the beginning of the Republic of China was 2309930.46. The plaintiff refused and appealed. II. Judgment No. 20193 dismissed the appeal and upheld the original judgment. The case has been closed.

3、 Impact of litigation and arbitration cases on the company

China Trust Commercial Bank Co., Ltd. Guangzhou Branch v. Souyute Group Co.Ltd(002503) group and Dongguan Souyute Group Co.Ltd(002503) supply chain management

The first instance judgment on the dispute over the financial loan contract of limited company has not yet come into force. If the company fails to meet the deadline after the judgment takes effect

To fulfill the judgment, Guangzhou Branch of China Trust Commercial Bank Co., Ltd. may apply to the people’s court for enforcement

Disposal of the company’s assets. The company will conduct corresponding accounting treatment according to the requirements of accounting standards and the actual situation at that time

Manage.

The company will pay close attention to the follow-up progress of the case, actively respond to relevant work, and safeguard the company and all employees in accordance with laws and regulations

The legitimate rights and interests of shareholders. The company will, in strict accordance with the Listing Rules of Shenzhen Stock Exchange and other relevant requirements, timely

Investors should disclose investment information rationally and pay attention to investment risks.

4、 Documents for future reference

Civil judgment of the people’s Court of Nansha District of Guangdong free trade zone (2021) Yue 0191 min Chu No. 12291.

It is hereby announced.

Souyute Group Co.Ltd(002503) board of directors

February 11, 2022

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