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东信和平:全资子公司涉及诉讼

Eastcompeace Technology: Wholly-owned subsidiary involved in litigation.

Breakings ·  Oct 16 18:54

Eastcompeace Technology announcement, the company's wholly-owned subsidiary EASTCOMPEACE(SINGAPORE)PTE.LTD received a summons from the Sri Lankan court, MOBITEL(PRIVATE)LIMITED filed a lawsuit on the grounds of product quality issues, involving approximately 1.08 billion Sri Lankan Rupees (approximately 0.26 billion RMB) and an annual interest rate of 18%. The case has not yet been heard in court, and the impact on the company's current or future profits remains uncertain. The Singapore subsidiary and Mobitel are unable to reach a consensus on whether there are quality issues with the products. The company will actively defend against the lawsuit and take strong measures to safeguard its rights in accordance with the law.

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