Hangzhou Everfine Photo-E-Info Co.Ltd(300306) : Announcement on the progress of remote Huiyi civil lawsuit, a wholly-owned enterprise of the company

Securities code: 300306 securities abbreviation: Hangzhou Everfine Photo-E-Info Co.Ltd(300306) Announcement No.: 2022-001

Hangzhou Everfine Photo-E-Info Co.Ltd(300306)

Announcement on the progress of the civil litigation of Yuanhui Huiyi, a wholly-owned enterprise controlled by the company

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.

Hangzhou Yuanyuan Huiyi investment partnership (limited partnership) (hereinafter referred to as “Yuanyuan Huiyi”), a wholly-owned controlled enterprise of Hangzhou Everfine Photo-E-Info Co.Ltd(300306) (hereinafter referred to as “the company” or “listed company”), filed a lawsuit with 10 transferors such as Chen Wei on the dispute over the equity transfer of Huijing Technology in April 2019. The people’s Court of Gongshu District of Hangzhou and the Hangzhou intermediate people’s Court of Zhejiang Province (hereinafter referred to as “Hangzhou intermediate people’s court”) successively tried and made judgments in the first instance and the second instance.

At present, the case is being performed in accordance with the judgment of the second instance of Hangzhou intermediate people’s court. Yuanyuan Huiyi has received the return of equity transfer funds totaling 22044800 yuan from Chen Wei, Weng Deqiang, Wei bacon, Tan Hua and Gao Guoquan. The remaining Hangzhou yichengxuan investment partnership (limited partnership) still needs to return the equity transfer of Yuanyuan Huiyi 43378600 yuan according to the judgment.

For details of case judgment and early progress, please refer to the company’s website (www.cn. Info. Com. CN.) on April 17, 2019, April 27, 2020, October 13, 2020, October 30, 2020 and August 30, 2021 respectively Announcement on civil litigation filed by remote Huiyi, a wholly-owned enterprise controlled by the company (2019-009, 2020-011, 2020-041, 2020-047, 2021-035).

On January 17, 2022, the company learned that five defendants, including Chen Wei, Weng Deqiang, Wei Peigen, Tan Hua and Gao Guoquan, refused to accept the judgments of first and second instance and had filed a retrial application with Zhejiang Higher People’s Court (hereinafter referred to as “Zhejiang high court”). The relevant information is hereby announced as follows:

1、 Basic information of retrial

1. Retrial applicants: Chen Wei, Weng Deqiang, Wei Peigen, Tan Hua, Gao Guoquan

2. Retrial respondent: Hangzhou Yuanyuan Huiyi investment partnership (limited partnership)

3. Cause of action: equity transfer dispute

4. Retrial request:

(1) In accordance with the provisions of paragraph (I) (VI) of article 200 of the Civil Procedure Law of the people’s Republic of China, it ruled to retry the case, and revoked the first instance judgment (2019) zhe 0105 min Chu No. 8604 of Hangzhou Gongshu District People’s court and the civil second instance judgment (2020) zhe 01 min Zhong No. 11055 of Hangzhou intermediate people’s court, Reject all claims of the respondent Hangzhou Yuanyuan Huiyi investment partnership (limited partnership) in this case;

(2) The respondent Hangzhou Yuanyuan Huiyi investment partnership (limited partnership) was ordered to bear the litigation costs of this case and the first and second instance.

2、 Progress of retrial

Chen Wei, Weng Deqiang, Wei Peigen, Tan Hua, Gao Guoquan and other five defendants refused to accept the judgments of the first and second instance and filed a retrial application with the Zhejiang high court. So far, there has been no other progress in the retrial of the case.

3、 Other undisclosed litigation or arbitration matters

Up to now, except for the disclosed litigation and arbitration, the company and its holding subsidiaries have not received other information on litigation and arbitration matters that should be disclosed but not disclosed.

4、 Possible impact of litigation and arbitration on the company’s current profits or future profits

The results of this retrial may have a certain impact on the company’s current or future profits, but will not have a significant impact. The company will timely perform the obligation of information disclosure according to the follow-up progress and relevant regulations. Please pay attention to the investment risk.

5、 Documents for future reference

Relevant legal documents issued by the court.

It is hereby announced.

Hangzhou Everfine Photo-E-Info Co.Ltd(300306) board of directors January 18, 2002

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