Securities code: 000615 securities abbreviation: Aoyuan Beauty Valley Technology Co.Ltd(000615) Announcement No.: 2022-008 Aoyuan Beauty Valley Technology Co.Ltd(000615)
Announcement on the progress of 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.
1、 Basic information of arbitration matters
Aoyuan Beauty Valley Technology Co.Ltd(000615) (hereinafter referred to as “the company”) submitted an application for arbitration to Guangzhou Arbitration Commission of China on contract disputes with Shenzhen Kaixian Investment Co., Ltd. (hereinafter referred to as “Kaixian investment”), and received the notice of acceptance of arbitration application (2021) szz No. 19526 from Guangzhou Arbitration Commission on December 20, 2021, For details of the arbitration application, please refer to the company’s announcement on securities times, China Securities Journal, Shanghai Securities News, securities daily and cninfo (www.cn. Info. Com. CN.) on December 21, 2021 Announcement on filing arbitration (Announcement No.: 2021-130).
2、 Progress of arbitration matters
In order to protect the legitimate rights and interests of the company from damage, the company applied to Guangzhou Arbitration Commission for property preservation, requesting to freeze the bank deposit of 409099303.24 yuan under the name of Kaixian investment according to law, or to seal up, detain and freeze the equivalent property under the name of Kaixian investment (the total amount of property preservation this time is 361 million yuan). Guangzhou Arbitration Commission has applied for property preservation to Beijing Shijingshan District People’s court and Shandong Yantai Penglai District People’s court.
The company recently received the civil ruling (2022) Lu 0614 Caibao No. 23 issued by the people’s Court of Penglai District, Yantai City, Shandong Province. The people’s Court of Penglai District, Yantai City, Shandong Province ruled that the 21 million yuan equity of Penglai Hualu Jinghan Elderly Care Service Co., Ltd. held by Shenzhen Kaixian Investment Co., Ltd. should be sealed up for a period of three years. During the period of seizure, the frozen equity shall continue to be held by Kaixian investment. During the period of seizure, it shall not be transferred, sold, damaged or leased, and it shall not set up rights obstacles to the seized property.
3、 Possible impact of this arbitration on the company’s profits
As this case has not been heard in court, the impact on the company’s profit in 2021 or after the period is uncertain, and the final confirmation shall be subject to the audit of the accounting firm. The company will continue to pay attention to the ruling of other property preservation applications, and will timely perform the obligation of information disclosure according to the progress of arbitration matters. Please pay attention to investment risks.
4、 Documents for future reference
It is hereby announced that the people’s Court of Penglai District, Yantai City, Shandong Province (2022) Lu 0614 Caibao No. 23 civil ruling.
Aoyuan Beauty Valley Technology Co.Ltd(000615) board of directors
February 15, 2002
