Beinbeauty announced that the first instance judgment in the sales agency contract dispute between the company and Zhejiang Kelubao Food Co., Ltd. confirmed the cancellation of the cooperation agreement signed between the two parties on December 30, 2023. Beinbeauty is required to refund Clubal's license fee of 3.69 million yuan within 10 days from the effective date of the judgment; Kleinbeauty is required to pay compensation of 1.768,700 yuan for Beinbeauty's losses during the same period. Currently, the case is still pending appeal, and there is uncertainty about the final outcome and impact on the company's profits.
Zhitongcaijing · 3d ago
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Beinbeauty announced that the first instance judgment in the sales agency contract dispute between the company and Zhejiang Kelubao Food Co., Ltd. confirmed the cancellation of the cooperation agreement signed between the two parties on December 30, 2023. Beinbeauty is required to refund Clubal's license fee of 3.69 million yuan within 10 days from the effective date of the judgment; Kleinbeauty is required to pay compensation of 1.768,700 yuan for Beinbeauty's losses during the same period. Currently, the case is still pending appeal, and there is uncertainty about the final outcome and impact on the company's profits.
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