Chang Jiang Shipping Group Phoenix Co.Ltd(000520)
Securities code: 000520 stock abbreviation: Chang Jiang Shipping Group Phoenix Co.Ltd(000520) No.: 2022-001 Chang Jiang Shipping Group Phoenix Co.Ltd(000520)
Notice on receipt of court summons and civil complaint
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.
Special tips:
1. The litigation stage of the case: the civil indictment has been received and the court session has not yet been held
2. Party status of listed company: defendant
3. Amount involved: about 11.1137 million yuan
4. Impact on the profits and losses of listed companies: this lawsuit has not been heard in court, and the final result of the lawsuit and its impact on the company’s profits in the current period or after the period are still uncertain.
On January 12, 2022, the company received the summons, notice of response and civil complaint with case No. (2021) e 72 min Chu No. 924 served by Wuhan Maritime Court. The relevant information is hereby announced as follows:
1、 Basic contents of response notice and summons
Wuhan Maritime Court filed the case of China Changjiang Shipping Group Co., Ltd. v. the company’s ship operation and management contract dispute on December 13, 2021, requiring the company to appear in Wuhan Maritime Court at 09:00 on February 23, 2022.
2、 Information of litigants
Plaintiff: China Changjiang Shipping Group Co., Ltd. (hereinafter referred to as Changhang group, which was the major shareholder and superior management unit of the company at that time)
Defendant: Chang Jiang Shipping Group Phoenix Co.Ltd(000520)
3、 Claim
1. The defendant was ordered to return 6.6648 million yuan and interest (interest) paid by the plaintiff
Chang Jiang Shipping Group Phoenix Co.Ltd(000520)
The interest rate is calculated according to the benchmark one-year loan interest rate published by the people’s Bank of China and the one-year LPR published by the national interbank lending center (from January 17, 2019 to the actual payment date of the defendant, temporarily calculated to November 1, 2021 (RMB 4.4489 million).
2. Order the defendant to bear all litigation costs of the case.
4、 Main facts and reasons
In July 2015, Sinotrans Changhang group, the defendant’s actual controller at that time, appropriated a total of 55.3971 million yuan of advance dismantling funds allocated by the Ministry of finance to the defendant through the plaintiff (see Announcement No. 2015-033 on July 14, 2015 for details). Later, the liquidation was not completed due to the implementation of the policies of the plaintiff and relevant departments, and the Ministry of Finance requested that the above funds be returned in full. The plaintiff returned the financial pre allocated dismantling funds, including 85 ships of the defendant, to the Ministry of finance level by level. The defendant did not return the relevant funds to the plaintiff as required by the plaintiff, but actively cooperated with the plaintiff to go through the liquidation procedures of the ship dismantling funds and successively obtained the ship dismantling funds allocated by the Ministry of finance. The plaintiff said that after the inventory of the Ministry of finance, it believed that two of the ships in this batch had not been included in the liquidation scope of the ship dismantling funds, involving an amount of 6.6648 million yuan. The plaintiff believed that, The funds of 6.6648 million yuan received by the defendant for the dismantling of the above two ships are groundless and should be returned by the defendant.
5、 Are there any other undisclosed litigation and arbitration matters
The company has no other litigation and arbitration matters that should be disclosed but not disclosed.
6、 Impact on the company and risk tips
As of the disclosure date of this announcement, this lawsuit has not been heard in court, and the final result of the lawsuit and its impact on the company’s current or future profits are still uncertain.
The company will actively respond to the lawsuit and safeguard the interests of the company and all shareholders through legal channels. In the future, the company will timely perform the corresponding information disclosure obligations according to the progress of the lawsuit. Please pay attention to the investment risks.
7、 Documents for future reference
1. Notice of response, court summons
Chang Jiang Shipping Group Phoenix Co.Ltd(000520)
2. The civil complaint is hereby announced
Chang Jiang Shipping Group Phoenix Co.Ltd(000520) board of directors January 14, 2022
