Jiang Bolong announced that the company received a “Civil Ruling” from the Guangdong High Court, and the court ruled to allow all parties to withdraw the lawsuit in the case where Lu Hao, Zhao Ying, and Jingcun Company infringed on the company's trade secrets. The parties have reached a settlement, and the withdrawal of the lawsuit will not have a negative impact on the company's daily operations and current and future profits and losses.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.