Securities code: Zhejiang Jindun Fans Co.Ltd(300411) securities abbreviation: Zhejiang Jindun Fans Co.Ltd(300411) Announcement No.: 2022009 Zhejiang Jindun Fans Co.Ltd(300411)
With regard to the announcement that the people’s Procuratorate of Zhejiang Province agreed to lodge a protest against China finance investment promotion case and Jinyao case, the company and all members of the board of directors guarantee that the content of information disclosure is true, accurate and complete, and there are no false records, misleading statements or major omissions
Zhejiang Jindun Fans Co.Ltd(300411) (hereinafter referred to as “the company”) recently received the notice of Zhejiang Jianmin Jian [2021] No. 330 China Vanke Co.Ltd(000002) 16 and Zhejiang Jianmin Jian [2021] No. 330 China Vanke Co.Ltd(000002) 17 issued by Zhejiang Provincial People’s Procuratorate on (2020) zheminzhong No. 145 (2020) zheminzhong No. 144 civil judgment (the plaintiffs are Zhongcai Investment Promotion Group Co., Ltd. and Jinyao, hereinafter referred to as “Zhongcai investment promotion case” and “Jinyao case”) applied to the Zhejiang Provincial People’s Procuratorate for procuratorial supervision. The Zhejiang Provincial People’s Procuratorate has decided to file a protest and reported it to the Supreme People’s Procuratorate on March 1, 2022, The relevant information is hereby announced as follows:
1、 Basic information of China finance investment promotion case and Jinyao case
Both Zhongcai merchants case and Jinyao case were triggered by the forgery of the company seal for external guarantee. Zhongcai merchants and Jinyao sued Hangzhou intermediate people’s Court (hereinafter referred to as “Hangzhou intermediate people’s court”) in April 2018. Hangzhou intermediate people’s court ruled to reject the prosecution of Zhongcai merchants and Jinyao on the grounds that the case involved a criminal crime in August 2018. After Zhongcai merchants and Jin Yao appealed, Zhejiang high court revoked the ruling of Hangzhou intermediate people’s court and instructed Hangzhou intermediate people’s court to continue the trial. After hearing the case, the Hangzhou intermediate people’s court ruled in December 2019 to reject the litigation claims of CICC merchants and Jin Yao against the company. After the appeal of China finance investment promotion and Jin Yao, the Zhejiang high court made a final judgment in April 2020, which found that the guarantee was invalid, but decided that the company should bear 1 / 3 and 1 / 2 of the compensation liability (becoming the only two cases in which the company’s seal was forged for external guarantee or loan). The company refused to accept the second instance judgment of Zhejiang high court and applied to the Supreme People’s Court (hereinafter referred to as “the Supreme Court”) for retrial, The Supreme Court ruled to reject the company’s application for retrial in December 2020 [for details, the company disclosed it on cninfo (www.cn. Info. Com. CN.) on April 17, 2018, August 7, 2018, December 2, 2019, April 29, 2020 and February 10, 2021 respectively Announcement No.: 2018060, 2018147, 2019121, 2020040, 2021022].
The company applied to the Zhejiang Provincial People’s Procuratorate for procuratorial supervision according to law due to its dissatisfaction with the second instance judgment made by the Zhejiang high court and the retrial ruling made by the Supreme Court, requested the Supreme People’s Procuratorate to lodge a protest to the Supreme Court according to law, and requested to revoke the civil judgments (2020) zheminzhong No. 145 and (2020) zheminzhong No. 144 made by the Zhejiang high court, Change the judgment, reject the prosecution of the plaintiffs in the two cases or reject their claims. In May 2021, Zhejiang Provincial People’s Procuratorate accepted the company’s application for procuratorial supervision [for details, the company disclosed it on cninfo.com.cn on May 18, 2021] Announcement on the procuratorial organ accepting the company’s application for procuratorial supervision, Announcement No.: 2021080].
2、 Latest progress of the case
According to the notice zjmj [2021] No. 330 China Vanke Co.Ltd(000002) 16 and zjmj [2021] No. 330 China Vanke Co.Ltd(000002) 17 issued by the people’s Procuratorate of Zhejiang Province recently, the people’s Procuratorate of Zhejiang Province has decided to lodge a protest against the civil judgments (2020) zmz No. 145 and (2020) zmz No. 144 of the higher people’s court of Zhejiang Province, It has been reported to the Supreme People’s Procuratorate on March 1, 2022.
3、 Possible impact on the company’s current or future profits
The company has accrued an estimated liability of about 130 million yuan in the 2019 annual report and 2020 annual report on the China finance investment promotion case and Jinyao case. If the China finance investment promotion case and Jinyao case are protested by the Supreme People’s Procuratorate to the Supreme People’s court and the Supreme People’s court makes a judgment on reducing or not bearing compensation liability after hearing, it will be conducive to increasing the company’s profits in the current period or after the period. However, the final results of the above two cases cannot be determined, and there is uncertainty about the impact on the company’s current or future profits. The company will pay close attention to the progress of the case and fulfill the obligation of information disclosure in time. Please pay attention to the investment risks.
4、 Documents for future reference
1. Zjmj [2021] No. 330 China Vanke Co.Ltd(000002) 16 notice
2. Zjmj [2021] No. 330 China Vanke Co.Ltd(000002) 17 notice
It is hereby announced.
Zhejiang Jindun Fans Co.Ltd(300411) board of directors March 7, 2002
