Securities code: 300025 securities abbreviation: Hangzhou Huaxing Chuangye Communication Technology Co.Ltd(300025) Announcement No.: 2022-011 Hangzhou Huaxing Chuangye Communication Technology Co.Ltd(300025)
Announcement on the progress of transferring 82% equity of Shanghai Xinzhong and filing a lawsuit
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.
Important content tips:
1. The litigation stage of the case: the court has accepted the case but has not yet held a court session
2. Party status of the listed company: plaintiff
3. Amount involved: 23.306 million yuan and corresponding liquidated damages
4. Impact on the profits and losses of listed companies: the trial of this case has not been completed, and it is temporarily impossible to determine the amount of impact of the lawsuit on the profits of the company in the current period or later.
1、 About the transfer of 82% equity of Shanghai Xinzhong
Hangzhou Huaxing Chuangye Communication Technology Co.Ltd(300025) (hereinafter referred to as the “company” and ” Hangzhou Huaxing Chuangye Communication Technology Co.Ltd(300025) “) disclosed the progress announcement on the transfer of 82% equity of Shanghai Xinzhong (Announcement No.: 2022-007) on January 5, 2022, Shanghai Maojing enterprise management partnership (limited partnership) (hereinafter referred to as “Shanghai Maojing”) failed to pay the last equity transfer of 23.306 million yuan to the company in accordance with the equity transfer agreement between Hangzhou Huaxing Chuangye Communication Technology Co.Ltd(300025) and Shanghai Maojing enterprise management partnership (limited partnership) on Shanghai Xinzhong Communication Technology Co., Ltd.
2、 Specific progress
After Shanghai Maojing’s overdue payment, the company has been actively negotiating and communicating with Shanghai Maojing for many times, but up to now, Shanghai Maojing has not paid, so the company has filed a lawsuit with the people’s Court of Binjiang District, Hangzhou City, Zhejiang Province. Recently, the company received the notice of case acceptance from the people’s Court of Binjiang District, Hangzhou City, Zhejiang Province [(2022) Zhejiang 0108 minchu No. 589], The relevant cases are hereby announced as follows:
(I) basic information on the acceptance of this litigation
1. Litigants
Plaintiff: Hangzhou Huaxing Chuangye Communication Technology Co.Ltd(300025)
Defendant: Shanghai Maojing enterprise management partnership (limited partnership)
2. Basic information of the case
On December 29, 2019, the plaintiff and the defendant signed the equity transfer agreement between Hangzhou Huaxing Chuangye Communication Technology Co.Ltd(300025) and Shanghai Maojing enterprise management partnership (limited partnership) on Shanghai Xinzhong Communication Technology Co., Ltd. (hereinafter referred to as the “agreement”), The agreement stipulates that the plaintiff will transfer 82% of the equity of Shanghai Xinzhong Communication Technology Co., Ltd. to the defendant at the price of RMB 139.4 million, and the equity transfer payment will be paid in installments. After the signing of the agreement, the defendant only paid the plaintiff the equity transfer amount of RMB 116.094 million, and the last equity transfer amount of RMB 23.306 million. The defendant should pay before December 31, 2021, but the defendant failed to pay on time, which constituted a breach of contract. Based on the above facts, the plaintiff believes that the defendant’s refusal to pay the equity transfer has seriously damaged the legitimate rights and interests of the plaintiff, so the plaintiff filed a lawsuit and requested the court to order the defendant to pay 23.306 million yuan of equity transfer and pay liquidated damages.
3. Stage of the case: the court has accepted the case and has not yet held a court session
3、 Other undisclosed litigation and arbitration matters
As of the disclosure date of this announcement, the company and its holding subsidiaries have accumulated 7 undisclosed small claims and arbitrations within 12 consecutive months (excluding the dispute between the company and Shanghai Maojing), involving a total amount of 491500 yuan. None of the above cases met the disclosure standards of major litigation and arbitration matters specified in the Listing Rules of GEM stocks of Shenzhen Stock Exchange. The company and its holding subsidiaries have no other major litigation and arbitration matters that should be disclosed but not disclosed.
4、 Possible impact of the lawsuit announced this time on the company
This lawsuit has just been accepted and has not yet been heard. It is temporarily impossible to judge the impact of the above cases on the company’s current and future profits. The company will continue to pay attention to the follow-up progress and timely perform the obligation of information disclosure in accordance with relevant regulations. Please pay attention to the investment risks.
5、 Documents for future reference
1. Notice of accepting cases issued by the people’s Court of Binjiang District, Hangzhou City, Zhejiang Province
It is hereby announced.
Hangzhou Huaxing Chuangye Communication Technology Co.Ltd(300025) board of directors February 23, 2002
