Securities code: 600839 securities abbreviation: Sichuan Changhong Electric Co.Ltd(600839) Announcement No.: Lin 2022-003 Sichuan Changhong Electric Co.Ltd(600839)
Progress announcement on litigation matters
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Sichuan Changhong Electric Co.Ltd(600839) (hereinafter referred to as “the company” or “the company”) received a total of 9 response notices, civil indictments and other legal documents served by the first intermediate people’s Court of Hainan Province from June 4, 2020 to July 27, 2020. The plaintiff Angang Steel Company Limited(000898) sued HNA Group Finance Co., Ltd., HNA Group Co., Ltd., Sichuan Changhong Electric Co.Ltd(600839) and other companies for bill recourse disputes, involving a total amount of RMB 16058000. On May 25, 2021, the company appealed the above nine cases to Hainan Higher People’s court, of which four cases {with case numbers of: (2021) qiongminzhong No. 847, (2021) qiongminzhong No. 850, (2021) qiongminzhong No. 851, (2021) qiongminzhong No. 852} were heard in public on December 8, 2021, The company received the judgment of second instance on December 23, 2021; The remaining five cases {case numbers are: (2021) qiongminzhong No. 839, (2021) qiongminzhong No. 841, (2021) qiongminzhong No. 842, (2021) qiongminzhong No. 843, (2021) qiongminzhong No. 846} were heard in public on December 16, 2021. As of December 29, 2021, no judgment made by the court of second instance had been received. For the above details, please refer to the announcement of Sichuan Changhong Electric Co.Ltd(600839) on litigation matters and the supplementary announcement of Sichuan Changhong Electric Co.Ltd(600839) on litigation matters disclosed by the company on the website of Shanghai Stock Exchange and the designated information disclosure media on December 27, 2021 and December 29, 2021 respectively.
From January 12 to January 17, 2022, the company received the second instance judgment of the remaining five cases {case numbers are: (2021) qiongmin Zhong No. 839, (2021) qiongmin Zhong No. 841, (2021) qiongmin Zhong No. 842, (2021) qiongmin Zhong No. 843, (2021) qiongmin Zhong No. 846}. The second instance judgments of the above five cases are hereby announced as follows:
1、 Judgment results of the remaining five cases of second instance
The appellant of the civil judgment of the second instance has been appealed for the remaining five second instance cases. At present, the progress of the second instance judgment result judgment case no. of the human trial case
Amount involved
(2021) qiongmin 1. Reject the appeal and uphold the final judgment No. 839 and the original judgment.
(2021) qiongmin 7025375 2. The case of second instance in this case shall be subject to the judgment of No. 841, Sichuan Changan iron and Steel Co., Ltd. and the deferred fee shall be borne by the appellant Sichuan (2021) qiongminhong Electric Appliance Co., Ltd. during the performance period of No. 842, Changhong Electric Appliance Co., Ltd. and the joint stock company.
(2021) qiongmin Co., Ltd. interest 3. This judgment is final judgment No. 843.
(2021) qiongminzhong No. 846
As of January 17, 2022, all the companies in the above nine cases have received the second instance judgment, with a total amount of 16058000 yuan and debt interest during the period of deferred performance.
2、 The impact of this lawsuit on the company’s profits in the current period or after the period
There is still uncertainty in the follow-up execution results of the above nine bill cases decided by the court of second instance, and according to the relevant provisions of the bill law and other laws and regulations, if the company performs its repayment obligations for the above bill cases, the company will pursue the drawer, acceptor and prior parties according to law. At present, the above nine cases do not meet the estimated liability conditions in the accounting standards for Business Enterprises No. 13 – contingencies, and are only recognized as contingencies. At present, the company cannot predict the impact on the company’s profits in the current period or after the period. During the progress of the above bill cases, the company will claim its own legitimate rights and interests according to law and actively take relevant legal measures to safeguard the legitimate rights and interests of the company and shareholders. The company will timely perform the obligation of information disclosure on the progress of litigation matters announced this time in accordance with relevant regulations. All information of the company shall be subject to the announcements published on the website of Shanghai Stock Exchange, Shanghai Securities News, China Securities News and securities times. Please pay attention to the company’s announcement and pay attention to investment risks.
It is hereby announced.
Sichuan Changhong Electric Co.Ltd(600839) board of directors January 19, 2022
