Securities code: 601901 securities abbreviation: Founder Securities Co.Ltd(601901) Announcement No.: 2022-001 bond Code: 151205 bond abbreviation: 19 founder F1
151290 19 founder F2
Founder Securities Co.Ltd(601901)
Announcement on the progress of litigation involving the company
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.
Important content tips:
Litigation stage: case execution
Party status of the company: applicant for execution
Amount involved: the total principal is 639.34 million yuan
Up to now, the company has made impairment provision of about 358.9179 million yuan for this series of cases. The termination of this execution procedure has no impact on the company’s current and future profits.
1、 Basic information of this lawsuit
Guangzhou Ruifeng Group Co., Ltd. (hereinafter referred to as “Guangzhou Ruifeng”), Lin Yongfei, Weng Wuqiang and other customers, as integration parties, respectively carry out stock pledge repurchase transactions with the company. Due to the breach of the share pledge repo transactions carried out by the above-mentioned integrated parties, the company, as the applicant for enforcement, applied to the Hunan Higher People’s Court (hereinafter referred to as “Hunan high court”) for enforcement according to law, requiring each integrated party, guarantor and other Executees to immediately repay the financing principal, corresponding interest, liquidated damages All debts such as the cost of realizing creditor’s rights and pledge. The three cases were executed by Guangzhou Ruifeng, Lin Yongfei, Weng Yayun, Weng Wuqiang, Matsunaga Yoshiko (songyongfangzi), Xinyu ruiguangyin investment partnership (limited partnership), Guangzhou huayuanli Development Co., Ltd. and Weng Wuyou. In March 2019, Hunan high court filed and executed the above three cases. In April 2019, the company and the Executees reached an execution settlement agreement on the repayment of debts by instalments on the creditor’s rights and debts involved in the above three cases. In July 2019, due to the failure of the Executees to perform the contents of the implementation settlement agreement on schedule, upon the application of the company, Changsha intermediate people’s Court of Hunan Province (hereinafter referred to as “Changsha intermediate people’s court”) resumed the implementation and filed the implementation of three cases.
Case name execution basis execution case No. case principal amount (10000 yuan)
The company and Guangzhou Ruifeng and other shares (2019) jingjingcheng Zhizi No
Bill pledge execution case (hereinafter referred to as No. 00009 execution Certificate (2019) Xiang 01 Zhihui No. 35 38710
“Guangzhou Ruifeng case”) Company and Lin Yongfei and other stocks (2019) jingjingcheng Zhizi No
Pledge execution case (hereinafter referred to as No. 00010 execution Certificate (2019) Xiang 01 Zhihui No. 34 16424
“Lin Yongfei case”) and Weng Wuqiang and other stocks (2019) jingjingcheng Zhizi No
Pledge execution case (hereinafter referred to as No. 00011 execution Certificate (2019) Xiang 01 Zhi No. 1534 8800
“Weng Wuqiang case”)
Total 63934
For Lin Yongfei case and Weng Wuqiang case, Changsha intermediate people’s court ruled to terminate the execution procedure in June 2021. detailed
See China Securities Journal, Shanghai Securities News, securities times, securities daily and the website of Shanghai Stock Exchange (www.sse. Com. CN.) Relevant announcements issued.
2、 Progress of this lawsuit
For Guangzhou Ruifeng case, on January 17, 2022, the company received the enforcement ruling delivered by Changsha intermediate people’s court
Book. Changsha intermediate people’s court held that the court has executed part of the property that can be executed, and there is no other property available for execution after inquiry. This execution procedure should be terminated. Changsha intermediate people’s court ruled as follows: “terminate the execution procedure of the execution certificate of Beijing Jingcheng Notary Office (2019) jingjingcheng Zhizi No. 00009. When the applicant for execution finds that the person subjected to execution has property for execution, he may apply to this court for execution again. This ruling will take effect after it is served.”
3、 The impact of the lawsuit announced this time on the company’s profits in the current period or after the period
In December 2021, the company received the case payment of 16.1603 million yuan returned by the court, which was written back to the fourth quarter of 2021
The quarterly impairment provision was RMB 11.7192 million, increasing the company’s current net profit by RMB 8.7894 million. The company was established in 2022
In January, it received 23700 yuan from the court, which offset 23700 yuan of impairment provision in the first quarter of 2022,
Increase the net profit of the company in the current period by 17800 yuan. Up to now, the company has made impairment provision of about 358917900 yuan for the above series of cases. The termination of this execution procedure has no impact on the company’s current and future profits. The company will timely perform the obligation of information disclosure in accordance with relevant regulations. Please pay attention to investment risks.
It is hereby announced.
Founder Securities Co.Ltd(601901) board of directors
January 19, 2022
