Securities code: 000835 securities abbreviation: * ST Changdong Announcement No.: 2022-002 Great Wall International Acg Co.Ltd(000835)
Announcement on the progress of arbitration
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.
Great Wall International Acg Co.Ltd(000835) (hereinafter referred to as “the company” or “Great Wall animation”) learned about the progress of arbitration recently. The relevant information is hereby announced as follows:
1、 Basic information on arbitration progress
The company issued announcement on Arbitration (Announcement No.: 2021-016) and announcement on arbitration progress (Announcement No.: 2021-032) in China Securities Journal and cninfo.com on February 27, 2021 and April 9, 2021 respectively, The arbitration matters arising from the dispute between the company and the applicant over the performance of the contract under the share transfer agreement of Beijing Mini World Cultural Exchange Co., Ltd. were disclosed. On the evening of January 7, 2022, the company received the notice of reply and the notice of proof [No.: (2022) Huang Zhong Zi No. 1] and relevant arbitration documents from Huangshan Arbitration Commission.
2、 Basic information of this arbitration
Applicants: Wang Zhongwen, Hong Binglei, Wang Chaoji, Wang Xuewei
Respondent Great Wall International Acg Co.Ltd(000835)
Accepting institution: Huangshan Arbitration Commission
4. The dispute between the applicant and Great Wall animation arising from the performance of the contract under the share transfer agreement of Beijing Mini World Cultural Exchange Co., Ltd. has been adjudicated according to law in the case brief (2020) Huang Zhong Zi No. 71 award issued by Huangshan Arbitration Commission. 4. The applicant claimed that due to the termination of the above contract and the improper operation during the holding period of Great Wall animation, the stock price and assets of mini world were seriously devalued, and filed an arbitration again to claim compensation for the corresponding economic losses.
1. Ruling the respondent to compensate the applicant for economic losses of 74.6374 million yuan according to law; 2. According to the law, the respondent shall pay the applicant the interest loss based on 74.6374 million yuan, and the arbitration request (from September 30, 2021 to the date of settlement according to the LPR monthly interest rate of the people’s Bank of China, and temporarily to December 16, 2021, it is 616214.67 yuan); 3. According to the law, the respondent shall bear all the arbitration expenses of the case.
3、 Award of this arbitration
The arbitration case has not been decided yet.
4、 Are there any other major litigation and arbitration matters that have not been disclosed
As of the disclosure date of this announcement, except for the arbitration disclosed this time, the company and its holding subsidiaries have no other major litigation and arbitration matters that should be disclosed but not disclosed.
5、 Possible impact of this arbitration
As the relevant arbitration matters have not been adjudicated, it is not possible to determine the impact of the arbitration matters on the company’s financial data in 2022. The company will continue to pay attention to the progress of the arbitration and timely perform the corresponding information disclosure obligations in strict accordance with laws and regulations. The information disclosure media designated by the company are China Securities Journal and cninfo. Com. All information about the company shall be subject to the announcement published by the above designated media. Please invest rationally and pay attention to risks.
6、 Documents for future reference
1. Notice of defense and notice of proof issued by Huangshan Arbitration Commission;
2. Application for arbitration.
It is hereby announced.
Great Wall International Acg Co.Ltd(000835) board of directors January 10, 2022
