Securities code: 002638 securities abbreviation: Dongguan Kingsun Optoelectronic Co.Ltd(002638) Announcement No.: 2022-005
Dongguan Kingsun Optoelectronic Co.Ltd(002638)
Progress announcement on litigation matters of wholly owned subsidiaries
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without falsity
Records, misleading statements or material omissions.
Guangzhou Longwen education, a wholly-owned subsidiary of Dongguan Kingsun Optoelectronic Co.Ltd(002638) (hereinafter referred to as “the company”)
Technology Co., Ltd. (hereinafter referred to as “Guangzhou Longwen”) has filed a lawsuit with Guangzhou intermediate people’s Court of Guangdong Province
Hereinafter referred to as the “court”) filed two cases of contract disputes, suing Liu Hong and Guangzhou Yigan Sports Co., Ltd. (with
Hereinafter referred to as “one shot sports”), one hundred and ninety Investment Management Co., Ltd. (hereinafter referred to as “Guangzhou one hundred and ninety”), and
Received the notice of case acceptance served by the court. For details, see the company’s announcement on December 25, 2020
Announcement on litigation of wholly-owned subsidiaries issued by the information disclosure media.
1、 Basic information of litigation matters
(I) basic information
No. case No. amount involved (yuan) plaintiff defendant’s claim
1. Request the court to order Liu Hong to pay the equity transfer amount of 75809589.04 yuan and overdue payment interest to Guangzhou Longwen. Overdue payment interest [2020] Guangzhou Longhong, Liu Hong and Guangzhou Longwen
With 75809589.04 yuan as the principal and according to the standard of 3 ‰ per day, yue01 minwen education is one shot in Guangzhou
1 75809589.04 from the date of prosecution to the date of actual payment.
Early 2169 science and technology have sports have
2. Request the court to order one shot sports to assume the above obligations of Liu Hong Limited company
joint responsibility.
3. All litigation costs in this case shall be borne by Liu Hong and one shot sports.
1. Request the court to order Guangzhou 119 to pay the equity repurchase price of 63614986.29 yuan and overdue payment interest to Guangzhou Longwen, and pay [2020] Guangzhou Longwen overdue
The interest of the investment fund is 63614986.29 yuan as the principal and 13% of the annual Guangdong 01 civil education
2 63614986.29 the interest rate of asset management is calculated from the date of prosecution to the date of actual payment.
Chu 2170 Technology Co., Ltd
Ltd. 2. Request the court to order Liu Hong to undertake the above obligations of Guangzhou 119 Co., Ltd
The company and Liu Hong are jointly and severally liable.
3. All litigation costs of this case shall be borne by Guangzhou 119 and Liu Hong.
Total – 139424575.33 —
2、 Progress
Guangzhou Longwen recently received the civil judgment served by the Guangzhou intermediate people’s Court of Guangdong Province
([2020] Yue 01 min Chu No. 2169, [2020] Yue 01 min Chu No. 2170), the judgment is as follows:
(I) [2020] Yue 01 min Chu case No. 2169
1、 The defendant Liu Hong shall pay the equity transfer payment to the plaintiff Guangzhou Longwen Education Technology Co., Ltd. within 15 days from the date of legal effect of this judgment (calculation method: according to the standard of 13% annual interest rate, take RMB 20 million as the base, from August 1, 2019 to December 10, 2020; take RMB 10 million as the base, from August 8, 2019 to December 10, 2020; take RMB 10 million as the base, from September 4, 2019 to December 10, 2020; take RMB 10 million as the base, from September 11, 2019 to December 10, 2020 October; Based on 10 million yuan, from October 8, 2019 to December 10, 2020; Based on 5 million yuan, calculated from November 13, 2019 to December 10, 2020) and liquidated damages for overdue payment (calculation method: Based on 65 million yuan, calculated from January 11, 2021 to the date of payment according to the standard of 13% annual interest rate);
2. The defendant Guangzhou Yigan Sports Co., Ltd. shall be jointly and severally liable for the above debts of the defendant Liu Hong, and shall have the right to recover from the defendant Liu Hong after assuming the guarantee liability;
3. Other claims of the plaintiff Guangzhou Longwen Education Technology Co., Ltd. were rejected.
If the obligation to pay money is not performed within the period specified in this judgment, the debt interest during the period of delayed performance shall be doubled in accordance with Article 253 of the Civil Procedure Law of the people’s Republic of China.
The case acceptance fee of 420848 yuan shall be borne by the defendants Liu Hong and Guangzhou Yigan Sports Co., Ltd.
(II) [2020] Yue 01 min Chu No. 2170 case
1. The defendant Guangzhou 119 Investment Management Co., Ltd. shall pay the equity transfer payment to the plaintiff Guangzhou Longwen Education Technology Co., Ltd. within 15 days from the date of legal effect of this judgment (calculation method: Based on the standard of annual interest rate of 13%, taking RMB 15 million as the base, from January 18, 2019 to December 12, 2020
20 million yuan as the base, calculated from January 25, 2019 to December 12, 2020; Based on 16 million yuan, calculated from January 30, 2019 to December 12, 2020) and overdue payment interest (interest calculation method: Based on 51 million yuan, calculated from January 13, 2021 to the date of payment of equity transfer according to the standard of 13% annual interest rate);
2. The defendant Liu Hong is jointly and severally liable for the above debts of the defendant Guangzhou 119 Investment Management Co., Ltd. and has the right to recover from the defendant Guangzhou 119 Investment Management Co., Ltd. after assuming the guarantee liability;
3. Other claims of the plaintiff Guangzhou Longwen Education Technology Co., Ltd. were rejected.
If the obligation to pay money is not performed within the period specified in this judgment, the debt interest during the period of delayed performance shall be doubled in accordance with Article 253 of the Civil Procedure Law of the people’s Republic of China.
The acceptance fee of this case is 359875 yuan, which is borne by the plaintiff Guangzhou Longwen Education Technology Co., Ltd. and 359224 yuan by the defendants Liu Hong and Guangzhou 119 Investment Management Co., Ltd.
3、 Impact on the company
1. The above judgments are the results of the first instance judgment, and the final judgment shall prevail;
2. Through public information inquiry, the company found that the consumption restriction order of one shot sports has been implemented by the court, and Guangzhou 119 has been included in the list of abnormal business operations. Therefore, the company judges that there is significant uncertainty about the execution ability of the defendants involved in this lawsuit. At present, the company cannot judge the impact on the company’s profits in the current period or after the period, and the subsequent company will perform the obligation of information disclosure according to the progress of the lawsuit.
It is hereby announced.
Dongguan Kingsun Optoelectronic Co.Ltd(002638) board of directors January 11, 2022
