Securities code: 002259 securities abbreviation: St Shengda Announcement No.: 2022-001 Sichuan Shengda Forestry Industry Co.Ltd(002259)
Announcement on the progress of litigation involving Securities Misrepresentation liability disputes
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.
Sichuan Shengda Forestry Industry Co.Ltd(002259) (hereinafter referred to as “the company” or “Shengda forestry”) published the announcement on new litigation involving false statements of securities (Announcement No.: 2020-056) in China Securities Journal and cninfo.com (www.cn. Info. Co M.C n) on May 6, 2020, March 8, 2021, July 5, 2021 and September 23, 2021 respectively The progress announcement on the litigation involving securities misrepresentation (Announcement No.: 2021-007), the progress announcement on the litigation involving securities misrepresentation (Announcement No.: 2021-045) and the progress announcement on the litigation involving securities misrepresentation (Announcement No.: 2021-069) disclose the progress of the company’s dispute cases involving Securities Misrepresentation liability. As of the date of disclosure of this announcement, the company has successively received seven response notices involving Securities Misrepresentation liability disputes served by Chengdu Intermediate People’s Court of Sichuan Province (hereinafter referred to as “Chengdu Intermediate People’s court”). Chengdu Intermediate People’s court incorporated the above-mentioned dispute over the liability for Securities Misrepresentation into 2020 chuan01 minchu No. 3033 case and held a court session together. The relevant information is hereby announced as follows:
1、 Progress
As of the court hearing date, the company had 108 disputes over Securities Misrepresentation liability, with a total litigation amount of 24.6302 million yuan. Five of these cases were dismissed by Chengdu Intermediate People’s court due to the plaintiff’s failure to pay legal fees or unreasonably refused to appear in court, involving an amount of 1101500 yuan. The remaining 103 cases were heard by the Chengdu Intermediate People’s court, and the 2020 chuan01 minchu No. 3033 civil judgment was made on December 29, 2021. The specific judgment contents are as follows:
(i) It is decided that the defendant Shengda forestry shall compensate 85 people such as the plaintiff Wu Yifan for the losses caused by false statements within 15 days from the effective date of this judgment;
（2） Reject the litigation claims of the plaintiff Wu Yifan and other 83 people on stamp duty;
（3） All claims of the plaintiff Wang Lixin and other 15 persons were rejected.
2、 Other undisclosed litigation and arbitration matters
As of the disclosure date of this announcement, except for the disclosed litigation and arbitration matters, the company has not found any other major litigation and arbitration matters that should be disclosed but not disclosed.
3、 Possible impact on the company’s current or future profits
The court ruled that the company should bear the losses of 85 people including the plaintiff Wu Yifan, totaling 16.748 million yuan, and the litigation costs totaling 218300 yuan. This judgment is a judgment of first instance. The company will continue to actively respond to the appeal related work of the case in accordance with relevant laws and regulations. The final judgment result and its impact on the company are still uncertain. Based on careful consideration, The company has estimated relevant liabilities, and the specific amount shall be subject to the audit of the annual audit accountant.
The company will continue to pay attention to the progress of relevant matters and timely perform the obligation of information disclosure in accordance with the relevant provisions of laws and regulations. The information disclosure media designated by the company in 2022 are China Securities Journal and cninfo.com.cn, All information of the company is subject to the announcement published in the above designated media. Please pay attention to the investment risks.
4、 Documents for future reference
1. Civil judgment (2020 Chuan 01 min Chu No. 3033);
2. Civil ruling (2020) Chuan 01 min Chu No. 3033 I and II, (2021) Chuan 01 min Chu No. 9882, (2021) Chuan 01 min Chu No. 7411.
It is hereby announced.
Sichuan Shengda Forestry Industry Co.Ltd(002259) board of directors
January 5, 2002
