Securities code: Caissa Tosun Development Co.Ltd(000796) securities abbreviation: Caissa Tosun Development Co.Ltd(000796) Announcement No.: 2022000 bond Code: 112532 bond abbreviation: 17 Caesar 03
Caissa Tosun Development Co.Ltd(000796)
Announcement on cumulative litigation and 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.
According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange (hereinafter referred to as the “Listing Rules”), the cumulative amount involved in litigation and arbitration matters of Caissa Tosun Development Co.Ltd(000796) (hereinafter referred to as the “company”) and the company’s holding subsidiaries within 12 consecutive months has reached the temporary information disclosure standard specified in article 7.4.2 of the listing rules. The relevant statistics are hereby announced as follows:
1、 Accumulated basic information of litigation and arbitration matters
As of the date of disclosure of this announcement, the company and its holding subsidiaries have received relevant court enforcement documents for 12 consecutive months, involving a total amount of 142 million yuan, accounting for 104.95% of the company’s latest audited net assets. The company has disclosed its 2021 annual report today. The latest audited net assets of the company fell sharply, resulting in a large proportion of the company’s litigation amount.
According to the latest financial data of the company, the company and its holding subsidiaries have a major lawsuit with an individual amount of more than 10% of the absolute value of the company’s latest audited net assets and an absolute amount of more than 10 million yuan in 12 months. See Annex I statistical table of cumulative litigation and arbitration cases for the details of the matters involved and other lawsuits.
2、 Other undisclosed litigation and arbitration matters
The company has no other unsettled litigation and arbitration matters that should be disclosed but not disclosed.
3、 The impact of litigation and arbitration matters in this announcement on the company and risk tips
For litigation and arbitration cases involving the company and its subsidiaries as litigants, the main purpose of litigation is to ensure the normal development of business activities and safeguard the legitimate rights and interests of the company through legal means such as litigation. For the litigation and arbitration cases involving the company and its holding subsidiaries as the sued party, mainly the payment disputes of tourism business suppliers and customer refund litigation caused by the stagnation of the company’s outbound tourism business. At the same time, the company will actively respond to and properly handle the labor arbitration caused by the company to reduce labor costs, so as to protect the legitimate rights and interests of the company and business related parties according to law.
In 2021, the company has recognized 16.115 million yuan of estimated liabilities in accordance with the requirements of relevant accounting standards and the actual situation. In view of the fact that some litigation cases in this announcement have not been heard or closed, there is uncertainty about its impact on the company’s profits in the current period or after the period. The company will conduct corresponding accounting treatment according to the requirements of relevant accounting standards and the actual situation. At the same time, the company will pay close attention to the follow-up progress of the case, advocate its own legitimate rights and interests according to law, actively take relevant legal measures to safeguard the interests of the company and shareholders, and will timely perform the obligation of information disclosure on the progress of relevant litigation matters in strict accordance with the relevant requirements of the stock listing rules of Shenzhen Stock Exchange. Please pay attention to investment risks.
Annex: statistical table of cumulative litigation and arbitration cases
It is hereby announced.
Caissa Tosun Development Co.Ltd(000796) board of directors April 30, 2022
enclosure:
Statistics of cumulative litigation and arbitration cases
The other party sued our subject matter
The latest progress of the amount of the type of institution receiving the case (10000 yuan)
The case was closed on October 8, 2021. The trial of Beijing Kairi new China international supply was originally scheduled to be held on the same day of 181000 international tourism economic traders in November, The application for the postponement of the hearing of 154700 by the arbitration committee of Wanyi travel agency Zhuzhou arbitration on October 8, 2021 and the confirmation letter of the social dispute service address of the limited liability meeting have been submitted, The court has not yet opened.
1000 plaintiffs – first instance, second instance, arbitration 2021 / 4 / 282022 / – – 107966 has not been heard or Wanyi’s case has not been closed on 4 / 28. Next – defendant’s first instance, second instance and Arbitration————
11,560.99
