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Telecom Network Security announced that Beijing NetSecurity, a wholly-owned subsidiary, has received a “Notice of Response” from the Supreme Court. The Beijing Zhonghong Ruide Investment Management Center disagreed with the Beijing High Court's decision and applied to the Supreme Court for retrial. The Supreme Court has already opened a case for review. There is no specific amount involved in this case. It is still in the retrial filing and review stage, and the impact on the company's profits cannot yet be determined. As of the date of disclosure of the announcement, the amounts of the company and its subsidiaries in unresolved litigation and arbitration cases as original and defendants were 395.594 million yuan and 3,5385 million yuan, respectively.
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Telecom Network Security announced that Beijing NetSecurity, a wholly-owned subsidiary, has received a “Notice of Response” from the Supreme Court. The Beijing Zhonghong Ruide Investment Management Center disagreed with the Beijing High Court's decision and applied to the Supreme Court for retrial. The Supreme Court has already opened a case for review. There is no specific amount involved in this case. It is still in the retrial filing and review stage, and the impact on the company's profits cannot yet be determined. As of the date of disclosure of the announcement, the amounts of the company and its subsidiaries in unresolved litigation and arbitration cases as original and defendants were 395.594 million yuan and 3,5385 million yuan, respectively.
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