Securities code: 600712 securities abbreviation: Nanning Department Store Co.Ltd(600712) Announcement No.: pro 2022-002
Nanning Department Store Co.Ltd(600712)
Announcement of litigation results
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:
Litigation stage of the case: second instance
Party status of the company: appellant
Whether it will have a negative impact on the company’s profits and losses: the company will reverse the accrued estimated liabilities of about 1.4 million yuan according to the final judgment
In 2019, Guangzhou Golden Key real estate property service Co., Ltd. filed a lawsuit with the people’s Court of Wuming District, Nanning, Guangxi due to a property service contract dispute with our company. In December 2020, our company received the civil judgment (2019) GUI 0122 min Chu No. 5154 served by Nanning Wuming District People’s court, Judgment: “first, the defendant Nanning Department Store Co.Ltd(600712) paid the plaintiff Guangzhou Golden Key real estate property service Co., Ltd. the property service fee of 1062215.9 yuan from January 23, 2015 to November 20, 2018; second, the defendant Nanning Department Store Co.Ltd(600712) paid the plaintiff Guangzhou Golden Key real estate property service Co., Ltd. the breach fee of 318664.77 yuan.”. For details, please refer to the announcement published on the website of Shanghai Stock Exchange, Shanghai Securities News and Securities Daily on December 25, 2020.
Both parties appealed against the judgment of first instance. Recently, our company received the civil judgment No. (2021) GUI 01 min Zhong 954 from Nanning intermediate people’s Court of Guangxi Zhuang Autonomous Region.
1、 Litigant
Appellant (defendant of the original trial): Nanning Department Store Co.Ltd(600712) (hereinafter referred to as our company or the company)
Appellant (plaintiff in the original trial): Guangzhou Golden Key real estate property service Co., Ltd. (hereinafter referred to as golden key company)
The third party in the original trial: Guangxi hengning Real Estate Development Co., Ltd
The third party in the original trial: Wuming branch of Guangxi hengning Real Estate Development Co., Ltd
2、 Litigation result
The court ruled as follows:
1. Revoke the civil judgment (2019) GUI 0122 min Chu No. 5154 of Nanning Wuming District People’s court;
2. Reject all claims of the appellant golden key company.
The fees for accepting cases of first instance and cases of second instance shall be borne by the appellant golden key company.
This judgment is final.
3、 Impact on the company
According to the final judgment of the court, our company will reverse the accrued estimated liabilities of about 1.4 million yuan and increase the company’s profit and loss in 2021. The specific and accurate impact data shall be subject to the audited annual report 2021 officially disclosed by our company.
Please pay attention to investment risks.
It is hereby announced.
Nanning Department Store Co.Ltd(600712) board of directors
February 24, 2022
