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Weilong Co., Ltd. announced that the company's wholly-owned subsidiary, Wuwei Weilong Organic Grape Growing Co., Ltd., recently received a “Civil Appeal” from the Wuwei Intermediate People's Court in Gansu Province, and the case has entered the second trial stage. The appellant, Wuwei Cultural Tourism Development Co., Ltd. disobeyed the first instance judgment and requested that part of the original judgment be annulled, and ordered the cancellation of the relevant agreement, the return of 20073 acres of land, and payment of 4.793 million yuan in liquidated damages. The company has calculated estimated losses for 2025. Currently, the second trial has not been held, and it is not possible to determine the extent of impact. In the end, the court results will prevail.
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Weilong Co., Ltd. announced that the company's wholly-owned subsidiary, Wuwei Weilong Organic Grape Growing Co., Ltd., recently received a “Civil Appeal” from the Wuwei Intermediate People's Court in Gansu Province, and the case has entered the second trial stage. The appellant, Wuwei Cultural Tourism Development Co., Ltd. disobeyed the first instance judgment and requested that part of the original judgment be annulled, and ordered the cancellation of the relevant agreement, the return of 20073 acres of land, and payment of 4.793 million yuan in liquidated damages. The company has calculated estimated losses for 2025. Currently, the second trial has not been held, and it is not possible to determine the extent of impact. In the end, the court results will prevail.
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