Securities code: 600466 securities abbreviation: Sichuan Languang Development Co.Ltd(600466) Announcement No.: Lin 2022-001 bond Code: 136700 (16 Blu ray 01) bond Code: 162696 (19 Blu ray 08) bond Code: 163788 (20 Blu ray 04) bond Code: 155484 (19 Blu ray 02) bond Code: 155163 (19 Blu ray 01) bond Code: 162505 (19 Blu ray 07) bond Code: 155592 (19 Blu ray 04) Bond Code: 163275 (20 Blu ray 02) Sichuan Languang Development Co.Ltd(600466)
Announcement on major litigation
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: first instance
The party status of the listed company: defendant
Amount involved: 1.885 billion yuan
Whether it will have a negative impact on the profits and losses of listed companies: the above litigation is in progress, and it is impossible to estimate the final impact of the above litigation on the company at present. However, if the court takes relevant asset disposal and other measures for the projects involved in the case, it will have a significant adverse impact on the continuous operation of the company.
(i) Basic information about the application and being sued for Arbitration:
Recently, due to the periodic liquidity tension and debt risk of the company, some financial institutions and partners have filed lawsuits or arbitrations with the company. The total amount involved in this new lawsuit is 1.885 billion yuan. See the attached table for the specific details of the case.
（2） Litigation has a negative impact on the company’s profits and losses:
At present, the company is actively communicating and negotiating with relevant parties to ensure the continuous operation of the company. In view of the progress of the above litigation, it is impossible to estimate the final impact of the above litigation on the company. However, if the court takes relevant asset disposal and other measures for the projects involved in the case, it will have a significant adverse impact on the continuous operation of the company.
The company will timely perform the obligation of disclosure on the progress of litigation. Please pay attention to the risks.
Attached table: basic information of litigation
Amount of time for the plaintiff to receive the request for the content of the defendant’s cause of action for the prosecution of the case involving gold (10000 yuan)
1. Request that the defendants 1, 2 and 3 be ordered to immediately repay the debt restructuring to the plaintiff
The principal is 120 million yuan and the restructuring grace compensation is paid (as of 2021)
On August 5, 2021, 10.4 million yuan of grace compensation for restructuring was still owed
The grace compensation for restructuring after June 6 is based on 120 million yuan
The annual interest rate is 24% until the principal is paid off, and the interest is paid off with the principal);
2. Request that defendants 1, 2 and 3 be ordered to pay to the plaintiff as of 2021
The liquidated damages of 3.16 million yuan on August 5 shall be paid since August 6, 2021
The principal and interest of 126.4 million yuan will be restructured with overdue debts from the date of
Defendant 1: default of Chengdu Wuhou Languang real estate from Kaiyuan to the date of payment based on the daily interest rate of 0.05%
Development Co., Ltd. gold;
Defendant 2: Luzhou Jinlan Real Estate Development Co., Ltd. 3. Request to order defendants 1, 2 and 3 to pay the plaintiff’s creditor’s rights in this case
All expenses borrowed and paid by China Huarong Capital Co., Ltd. (including but not limited to legal fees, preservation fees, public property management Co., Ltd. of Chongqing in 2022, defendant 3: contract litigation fees, evaluation fees, auction fees and attorney’s agency fees of Chengdu Ruiqi Real Estate Co., Ltd.): re 4. Request for judgment of defendant 4, 5 pairs of defendant 1, 2 III. above debts 2021.11.2913356
Defendant 4 of Qingshi branch: Sichuan Languang Hejun Industrial Co., Ltd. is jointly and severally liable for the dispute; Court
5. The company requests that the plaintiff be ordered to make an order against the defendant’s four owned property located in No. 1, Wuhou District, Chengdu
Defendant 5: Sichuan Sichuan Languang Development Co.Ltd(600466) Co., Ltd. real estate No. 22, section 3, South Ring Road (the warrant No. is cfqzjzz)
Company No., cfqzjzz No. 4469437)
four million five hundred and seventy-three thousand two hundred and fifty-six
The proceeds from discount, auction or sale are entitled to 1, 2 or 3 claims
Have the priority of compensation;
6. Request the plaintiff to order the defendant’s four unique Chengdu Wuhou Languang real estate
The 100% equity of the Development Co., Ltd. is pledged at its discount, auction or change
The proceeds from the sale shall have the priority of compensation for 1, 2 and 3 claims;
7. The plaintiff was ordered to pay compensation to Luzhou Jinlan Real Estate Development Co., Ltd
98% of the company’s equity is pledged with the proceeds from its discount, auction and sale
1. 2. Three claims enjoy the priority of compensation.
1. Request that the defendants 1 and 2 be ordered to immediately repay the principal of debt restructuring to the plaintiff
280 million yuan and pay grace compensation for restructuring (as of August 2021)
On May 5, the grace compensation for restructuring was 32853333.33 yuan, 2021
The grace compensation for restructuring after August 6, 2014 is based on 280 million yuan
The amount shall be calculated at the annual interest rate of 24% until the date of payment of the principal, and the interest shall follow the principal
Qing Dynasty);
Defendant 1: Dazhou Languang Hejun Real Estate Co., Ltd. 2. Request to order defendants 1 and 2 to pay to the plaintiff as of August 2021
The liquidated damages of the company on the 5th day are 7588000 yuan and shall be paid from August 6, 2021
Defendant 2: Chengdu Ruiqi Real Estate Co., Ltd. restructured the principal and interest of 303520000 yuan with overdue debts
Defendant 3 of China Finance: the liquidated damages calculated from the daily interest rate of 0.05% to the date of payment based on the construction workers of Sichuan Languang Hejun Industrial Co., Ltd; Chongqing No.1
Property Management Co., Ltd. Cheng Jianshe 3. Ordered the defendants 1 and 2 to pay the full intermediate people’s law mediation and settlement expenses paid by the plaintiff to realize the creditor’s rights in this case. 2. Heavy contract rectification expenses of Co., Ltd. (including but not limited to legal fees, preservation fees, announcement fees, evaluation of case 2021.11.2932044.13)
Defendant 4 of Qingshi branch: dispute appraisal fee, auction fee and lawyer agency fee of Sichuan Sichuan Languang Development Co.Ltd(600466) Co., Ltd; courtyard
4. The company ordered defendants 3, 4 and 5 to bear the above debts of defendants 1 and 2
Defendant 5: Huaxi and junyaocheng real estate (Lu) are jointly and severally liable;
State) Co., Ltd. 5. Order the plaintiff to the defendant I’s iiib2-5 located in Lianhua Lake area
Plot (Certificate No.: Sichuan 2018 Dazhou real estate property right No. 0012671)
