Securities code: Yunnan Luoping Zinc&Electricity Co.Ltd(002114) securities abbreviation: Yunnan Luoping Zinc&Electricity Co.Ltd(002114) Announcement No.: 202207 Yunnan Luoping Zinc&Electricity Co.Ltd(002114)
Announcement on receiving the execution ruling and the progress of arbitration matters from Qujing intermediate people’s Court of Yunnan Province
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.
Yunnan Luoping Zinc&Electricity Co.Ltd(002114) (hereinafter referred to as “the company” or ” Yunnan Luoping Zinc&Electricity Co.Ltd(002114) )” announcement on major arbitration matters “(Announcement No.: 2020014) issued on March 4, 2020 in the information disclosure media designated by the company, announcement on progress of major arbitration matters (Announcement No.: 2020042) issued on April 22, 2020 Announcement on major arbitration matters (Announcement No.: 2020092) issued on December 25, 2020 and announcement on progress of major arbitration matters (Announcement No.: 202206) issued in February 2022. Announced the arbitration and progress of the contract dispute between the company and CAITONG Fund Management Co., Ltd.
Recently, the company received the execution ruling [(2022) yun03zhi No. 74 and No. 75) issued by the intermediate people’s Court of Qujing City, Yunnan Province on two cases of contract disputes between the applicant CAITONG Fund Management Co., Ltd. and the company. Now, the progress of this arbitration case and the contents of the execution ruling are announced as follows: I. Basic Contents of the execution ruling
In the case of contract dispute between CAITONG Fund Management Co., Ltd. and the company, the intermediate people’s Court of Qujing City, Yunnan Province filed a case with (2022) yun01 minte No. 44 and No. 45 on February 18, 2022 because the company applied to Kunming intermediate people’s court for cancellation of the arbitration award. The case has legal reasons for suspension of execution. Accordingly, the intermediate people’s Court of Qujing City, Yunnan Province, in accordance with item 5 of article 256 of the Civil Procedure Law of the people’s Republic of China, Article 64 of the Arbitration Law of the people’s Republic of China and paragraph 1 of Article 7 of the provisions of the Supreme People’s Court on several issues concerning the handling of arbitration award enforcement cases by the people’s court, ruled as follows:
Suspend the execution of Kunming Arbitration Commission’s arbitration awards (2021) No. 439 and 453.
The execution can be resumed after the suspension disappears.
This ruling shall become legally effective upon service.
2、 Possible impact of the matters announced in this announcement on the company’s profits in the current period or after the period
The arbitration matters announced in this announcement are not expected to have a significant impact on the company’s current or future profits. If there is any follow-up progress in this arbitration, the company will timely perform the obligation of information disclosure in accordance with relevant regulations. Please pay attention to the investment risks.
3、 Documents for future reference
1. Civil ruling (2022) Yun 01 Zhi No. 74 issued by Qujing intermediate people’s Court of Yunnan Province; 2. Civil ruling (2022) Yun 01 Zhi No. 75 issued by Qujing intermediate people’s Court of Yunnan Province. It is hereby announced.
Yunnan Luoping Zinc&Electricity Co.Ltd(002114) board of directors
March 12, 2022
