Securities code: 000835 securities abbreviation: * ST Changdong Announcement No.: 2022-007 Great Wall International Acg Co.Ltd(000835)
Announcement on the progress of litigation
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 the lawsuit recently, and now the relevant information is announced as follows:
1、 Basic information of litigation progress:
On December 2, 2021, the company published the announcement on litigation (Announcement No.: 2021-168) in the designated information disclosure media China Securities Journal and cninfo.com, It disclosed that Chuzhou Great Wall International Animation Tourism Creative Park Co., Ltd. (hereinafter referred to as “Chuzhou Creative Park”), a wholly-owned subsidiary, participated in the contract dispute litigation between Zhejiang Qingfeng original culture Co., Ltd. and Chuzhou Municipal People’s government as a third party. The company recently received the civil judgment of the people’s Court of Nanqiao District, Chuzhou City, Anhui Province [No.: (2021) Wan 1103 min Chu No. 4052].
2、 Basic information of litigation cases:
Plaintiff: Chuzhou Municipal People’s Government
Defendant: Zhejiang Qingfeng original culture Co., Ltd
Third party Chuzhou Great Wall International Animation Tourism Creative Park Co., Ltd
Accepted by: Chuzhou Nanqiao District People’s court
Cause of action contract dispute
The plaintiff and the defendant signed the agreement on Chuzhou great wall film, television, animation and tourism creative park project on April 11, 2013
Proposal (hereinafter referred to as “project agreement”) and signed the supplementary agreement for Chuzhou great wall film, television, animation and tourism creative park project on August 29, 2019 (hereinafter referred to as “project agreement”)
Abbreviation: the project supplementary agreement) stipulates: “I. planning and design scheme of phase III Project: Party B shall submit a feasible planning and design scheme of phase III project to Party A within 60 working days from the date of signing this supplementary agreement. The scheme shall be in accordance with the nature of the land for cultural industry, combined with the business and development needs of the whole cultural innovation park, and pay attention to phase I and phase II projects at the same time Improve the function of the project, and actively expand supporting industries such as tourism, vacation, leisure, civilian housing and health care. All projects must be owned by Party B, and shall not be sold or transferred. The specific project shall be subject to the scheme approved by the planning and construction commission. 2、 About the construction time and investment amount of phase III Project: (I) both parties agreed to continue to perform the land transaction confirmation of phase III plot 2 (426 mu) on May 4, 2016 and sign the land transfer contract. (II) after the agreement comes into effect, Party A shall issue the land use right certificate for phase III plot 2 (426 mu). Party B shall complete the construction of phase III project in accordance with the law within 3 years from the date of obtaining the land use certificate, of which the investment in cultural and creative projects shall not be less than 600 million yuan Article 10 the fourth support and reward of “other preferential policies”. A joint management account shall be established for both parties, and the cashed support funds shall be transferred into the joint management account. The funds must be used for the construction of the investor’s investment project in Chuzhou. 5、 Termination of the agreement: (I) if the project construction time and investment amount promised by Party B cannot be implemented in accordance with the supplementary agreement, Party A has the right to terminate the project agreement and this supplementary agreement. (II) if Party B fails to implement the project according to the planning and design scheme, Party A has the right to terminate the project agreement and this supplementary agreement… “
The plaintiff believes that the defendant has not fulfilled the obligations agreed in the project supplementary agreement so far, and its promised project construction time, investment amount, planning and design scheme have not been implemented in accordance with the supplementary agreement, Therefore, the court was requested to terminate the supplementary agreement on Chuzhou great wall film, television, animation and tourism creative park project signed by both parties on August 29, 2019. During the trial of the case, the court ex officio added Chuzhou Great Wall International Animation Tourism Creative Park Co., Ltd. as the third party without independent claim in the case.
1. Request the court to terminate the supplementary agreement of chucheng film, television, animation and tourism creative park project between the plaintiff and the defendant on August 29, 2019;
2. The legal costs of this case shall be borne by the defendant.
3、 Judgment of litigation cases
Terminate the supplementary agreement on Chuzhou great wall film, television, animation and tourism creative park project (hereinafter referred to as the “project supplementary agreement”) signed by the plaintiff Chuzhou Municipal People’s government and the defendant Zhejiang Qingfeng original culture Co., Ltd. on August 29, 2019. The case acceptance fee of 80 yuan shall be borne by the defendant Zhejiang Qingfeng original culture Co., Ltd. If you are not satisfied with this judgment, you can submit an appeal petition to this court within 15 days from the date of service of the judgment, submit copies according to the number of opposite parties, and appeal to Chuzhou intermediate people’s Court of Anhui Province.
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 litigation 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 the case
It is reported that the plaintiff Zhejiang Qingfeng original culture Co., Ltd. has appealed the above judgment results, and the company will actively respond to the lawsuit. Chuzhou creative park is the holder of the actual rights and interests of the contract signed by the plaintiff and the defendant. If the plaintiff and the defendant are ordered by the court of second instance to terminate the project supplementary agreement signed by both parties, the rights of Chuzhou creative park may be affected. The specific circumstances and possible impact of the above matters shall be subject to the final decision of the court. The company will pay close attention to the follow-up progress of relevant litigation, earnestly perform the obligation of information disclosure and timely do a good job of information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations. Please pay attention to the company’s announcement and pay attention to investment risks.
6、 Documents for future reference
1. Civil judgment.
It is hereby announced.
Great Wall International Acg Co.Ltd(000835) board of directors January 17, 2022
