In August 2026, we received a notice of a legal proceeding (the “Litigation”) before the Dongguan First People’s Court of Guangdong Province by a plaintiff (the “Plaintiff”) against our Company, Mr. Chen Yiding, our Chairman and executive Director, Mr. Miao Jingyun and Ms. Qu Wenting, each being an executive Director, as well as certain other individuals (collectively, the “Defendants”) in relation to a dispute over liability for infringement of shareholders’ interests.
Business · p. 170
The company's explanation, the adviser's view and the page in the filing: see MattersBased on the discussion with the Litigation Counsel, our PRC Legal Advisor is of the view that the Litigation is not expected to have a material adverse impact on our business, financial condition or results of operations.
Business · p. 170