Securities code: 000038 securities abbreviation: Shenzhen Capstone Industrial Co.Ltd(000038) Announcement No.: 2022-001 Shenzhen Capstone Industrial Co.Ltd(000038)
Progress announcement on litigation matters
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.
In July 2017, Shandong Financial Asset Management Co., Ltd. (hereinafter referred to as Shanjin company), Suzhou Datong Zhiyuan Investment Co., Ltd. and Qingdao Yaxing Industrial Co., Ltd. signed the partnership agreement of Suzhou Datong Qingying investment partnership (limited partnership) on jointly establishing an M & A fund and investing in Nanjing Datong enterprise incubator management Co., Ltd. through the fund, The duration of the partnership is 3 years from July 18, 2017 to July 17, 2020. Shanjin filed a lawsuit against the company on July 25, 2019, unilaterally broke the contract one year in advance and claimed to withdraw from the partnership, thus triggering a series of subsequent lawsuits. See the announcement on major litigation disclosed by the company on August 7, 2019 and the progress announcement on litigation matters disclosed on March 16, 2021 for details Announcement on progress of litigation matters disclosed on August 27, 2021. It is reported that the partnership and investment project parties have also filed relevant lawsuits against Shanjin company and claimed for its early breach of contract.
Recently, the company inquired that 339.059 million yuan of bank funds frozen by the judiciary have been temporarily transferred to the special account of Qingdao intermediate people’s court, Shandong Province. The company has accrued estimated liabilities for the litigation in the third quarter report of 2021. This capital transfer will not have a significant impact on the company’s production and operation. The company has filed a retrial with the Supreme People’s court for Shanjin’s early breach of contract and illegal operation beyond the business scope approved by the CBRC, and the company will confirm the final treatment plan according to the retrial results.
The company will timely perform the obligation of information disclosure according to the progress of litigation matters. Please pay attention to investment risks.
It is hereby announced.
Shenzhen Capstone Industrial Co.Ltd(000038) board of directors January 18, 2022
