It was announced on January 17 that recently, the company received the civil complaint served by the Beijing Financial court. As a secondary market investor of LETV, the plaintiff believed that LETV’s misrepresentation caused damage to its rights and interests, and asked LETV to bear civil liability for misrepresentation infringement; Jia Yueting and other 14 natural persons shall bear joint and several liability for compensation as persons responsible for false statements; The company and other three securities companies and three accounting firms are jointly and severally liable for failure to exercise due diligence and fail to find the financial fraud of LETV.
Zhongtai Securities Co.Ltd(600918) said in the announcement that the company is one of the co lead underwriters of LETV’s non-public offering of shares in 2016 and is not a sponsor. As the above-mentioned cases have not yet been heard, and the final amount involved is uncertain, the company cannot judge the impact on the current or future profits. At present, the company’s financial situation is stable and its operation is normal. The company will actively respond to the lawsuit according to law and timely perform the obligation of information disclosure on the progress of the case according to relevant regulations.
