Modern Avenue Group Co.Ltd(002656) : Announcement on the progress of cumulative litigation and arbitration cases

Securities code: 002656 securities abbreviation: St modern Announcement No.: 2021-145 Modern Avenue Group Co.Ltd(002656)

Announcement on the progress of cumulative litigation and arbitration cases

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.

As of the disclosure date of this announcement, Modern Avenue Group Co.Ltd(002656) (hereinafter referred to as "the company") and its subsidiaries have accumulated pending litigation and arbitration matters for 12 consecutive months, involving a total amount of RMB 465782802.91, accounting for 61.33% of the company's latest audited net assets. In accordance with the relevant provisions of the Listing Rules of Shenzhen Stock Exchange, the relevant litigation and arbitration matters are hereby announced as follows:

1、 Information on litigation and arbitration matters disclosed in the early stage

On August 23, 2019, September 10, 2019, September 16, 2019, October 16, 2019, January 10, 2020, February 20, 2020, March 24, 2020, June 24, 2020, July 11, 2020, July 30, 2020, September 1, 2020, October 9, 2020, October 12, 2020, November 2, 2020 November 16, 2020, November 17, 2020, November 18, 2020, November 23, 2020, December 1, 2020, December 2, 2020, December 31, 2020, January 5, 2021, January 29, 2021, February 5, 2021, February 26, 2021, March 31, 2021, April 30, 2021, May 31, 2021 On June 30, 2021, July 30, 2021, August 10, 2021, August 31, 2021, September 30, 2021, October 29, 2021, November 9, 2021, November 30, 2021 and December 31, 2021, the announcement on the company's matters involving illegal guarantee and account freezing (Announcement No.: 2019-051) was disclosed Announcement on receipt of civil ruling and waiting for freezing of new shareholders' shares of the company (Announcement No.: 2019-069), announcement on litigation progress (Announcement No.: 2019-071), announcement on litigation filed by the company (Announcement No.: 2019-094), announcement on new litigation and newly discovered external guarantee matters of the company (Announcement No.: 2020-002) Announcement on new arbitration and newly discovered external guarantee matters of the company (Announcement No.: 2020-014), announcement on cumulative litigation and Arbitration (Announcement No.: 2020-025), announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2020-093) Announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2020-100), announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2020-109), announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2020-121) Announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2020-126), announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2020-129), announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2020-134), announcement on the progress of major litigation (Announcement No.: 2020-139) Announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2020-140), announcement on correction of the progress of cumulative litigation and arbitration cases (Announcement No.: 2020-141), announcement on the progress of major litigation (Announcement No.: 2020-142) Announcement on correction of progress of cumulative litigation and arbitration cases (Announcement No.: 2020-143), announcement on progress of major litigation (Announcement No.: 2020-147), announcement on correction of progress of cumulative litigation and arbitration cases (Announcement No.: 2020-163), announcement on progress of major litigation (Announcement No.: 2021-001) Announcement on correction of the progress of cumulative litigation and arbitration cases (Announcement No.: 2021-012), announcement on the progress of major litigation (Announcement No.: 2021-016), announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2021-021) Announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2021-025), announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2021-056), announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2021-070) Announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2021-089), announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2021-105), announcement on the progress of major litigation (Announcement No.: 2021-114), announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2021-118) Announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2021-125), announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2021-134), announcement on the progress of major litigation (Announcement No.: 2021-137) Announcement on litigation involving the foreign investment of the holding Sun company (Announcement No.: 2021-138), announcement on the progress of cumulative litigation and arbitration cases (Announcement No.: 2021-139), announcement on the progress of major litigation (Announcement No.: 2021-144). As of the disclosure date of this announcement, the progress of pending litigation and arbitration matters of the company and its subsidiaries is as follows:

Unit: RMB

Plaintiff / appellant / respondent / respondent / arbitration respondent

No. case No. cause, amount involved, progress, applicant

Guangzhou Ligen microfinance modern Avenue Fashion Group Co., Ltd. (2021) yueminshen 13424

84790567.00 retrial of Division No. 1 loan contract dispute of 84790567.00 Co., Ltd

Guangzhou Xingsheng Group Co., Ltd. modern Avenue Fashion Group Co., Ltd. (2021) yueminshen 13424 middle school

Company Company No

Modern Avenue Fashion Group Co., Ltd

Zhou Zhicong, the first instance judge, Lin Yongfei (2019) Yue 01 early Republic of China

2. Resolution of private loan dispute 122500000.00, No. 1423, fashion group, modern Avenue, second instance

Zhou Zhicong Lizhong

limited company

Modern Avenue fashion group

Guangzhou Macau International Bank Co., Ltd

Liankafu famous products management state branch

Ltd. and Weng Wuqiang have been sentenced in the first instance (2019) at the beginning of the Republic of China

3. Violation guarantee 100641666.67, No. 1246, modern Avenue Fashion Group Co., Ltd., second instance

Li Zhong

International Bank of Macau Co., Ltd., Guangzhou liancafu famous products Management Co., Ltd

Guangzhou Branch Company, Weng Wuqiang, Guangzhou huayuanli Development Co., Ltd

Limited company

Arbitration award, Chen Madi, modern Avenue Fashion Group Co., Ltd. (2019) szz No

4 Lin Fengguo equity transfer dispute 9087612.00 application execution Co., Ltd. No. 15779

in

Arbitration award, Zhang QinYong, modern Avenue Fashion Group Co., Ltd. (2019) szz No

5 Lin Fengguo equity transfer dispute 9087612.00 application execution Co., Ltd. No. 15778

 

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