sample tech (01708.HK) received the second-instance judgment of the mainland court, and must jointly bear more than 0.74 million RMB in costs with its subsidiaries.

AASTOCKS · Nov 7 08:41

Sample Tech (01708.HK) stated that it and its subsidiary jiangsu zhiyun recently received the second-instance judgment of the Intermediate People's Court of Changzhou City, Jiangsu Province, regarding the general company's litigation.

According to the judgment, the court believed that the former vice president of the group, Yu Mou, embezzlement case and the loan contract dispute in this case are not the same case and should be handled separately. Therefore, the result of the second-instance judgment is to reject the appeal, uphold the original judgment, and the second-instance case acceptance fee is 0.7413 million RMB, borne by Sample Tech and jiangsu zhiyun.

Sample Tech stated that it has taken all possible measures including legal appeals, defenses, negotiations, and settlements to reduce the impact on the group's financial condition. If the results of the civil judgment ruling are executed, the group expects that such results will have a certain impact on the financial condition for the year ending December 31, 2024. (js/w)

The translation is provided by third-party software.

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三寶科技(01708.HK)接獲內地法院二審判決書 須與附屬共同承擔逾74萬人幣費用

sample tech (01708.HK) received the second-instance judgment of the mainland court, and must jointly bear more than 0.74 million RMB in costs with its subsidiaries.

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三寶科技(01708.HK)接獲內地法院二審判決書須與附屬共同承擔逾74萬人幣費用