Haizheng Raw Materials announced that Zhejiang Haichuangda Biomaterials Co., Ltd., a wholly-owned subsidiary of the company, recently received a notice of response from the court. Sinochem Shuguang Construction Co., Ltd. filed a lawsuit over a construction project contract dispute. The court has accepted it but has not yet heard it. The plaintiff requested that Haichuangda be ordered to pay 65.2375 million yuan for the project and $2.3699 million in liquidated damages. The total amount involved in the case was 67.6074 million yuan, as well as litigation costs and maintenance costs. The company said it has actively responded to the lawsuit, but the final impact is determined by the court decision.

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