Shandong Molong (00568) released an announcement, since the company's previous disclosure of the "Announcement on the Accumulated Litigation..." on August 22, 2023, until the date of this announcement, in addition to the disclosed litigation and arbitration cases, the company and its holding subsidiaries have added a total of 92 cumulative litigation and arbitration cases, with a total involved amount of about RMB 45.0788 million, accounting for 10.63% of the absolute value of the company's latest audited net assets. Among them, the company and its holding subsidiaries as plaintiffs or applicants involved in one case, with a total amount of about RMB 0.152 million; the company and its holding subsidiaries as defendants or respondents involved in 91 cases, with a total amount of about RMB 45.0636 million.
According to the announcement released by Shandong Molong (00568), excluding the disclosed litigation and arbitration cases, the company and its holding subsidiaries have added a total of 92 cumulative litigation and arbitration cases from the previous disclosure date of the "Announcement on the Accumulated Litigation and Arbitration Cases" on August 22, 2023, to the date of this announcement, with a total involved amount of about RMB 45.0788 million, accounting for 10.63% of the absolute value of the company's latest audited net assets. Among them, the company and its holding subsidiaries as plaintiffs or applicants involved in one case, with a total amount of about RMB 0.152 million; the company and its holding subsidiaries as defendants or respondents involved in 91 cases, with a total amount of about RMB 45.0636 million.
As of the date of this announcement, there are no significant litigation or arbitration cases involving a single amount accounting for more than 10% of the company's latest audited net assets with an absolute amount exceeding RMB 10 million in the company and its holding subsidiaries.
As of the date of this announcement, there are no other significant litigation or arbitration cases that should be disclosed but have not been disclosed in the company and its holding subsidiaries.
As of the date of this announcement, 83 of the above-mentioned newly added cumulative litigation and arbitration cases have been concluded, with a total involved amount of about RMB 28.709 million, and the concluded cases have not had a significant impact on the company's operating performance. The remaining new cases have not yet been heard or concluded, and their impact on the company's current or future profits is uncertain. The company will make corresponding accounting treatment according to the requirements of accounting standards and the actual situation at that time. At the same time, the company will closely follow up the progress of the cases, take active measures to safeguard the interests of the company and shareholders, and timely fulfill information disclosure obligations in strict accordance with the relevant requirements of the Shenzhen Stock Exchange Listing Rules. Investors are reminded to pay attention to investment risks.