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According to the China Electronics Network Security announcement, Beijing NetAn, a wholly-owned subsidiary of the company, has received a civil ruling from the Supreme Court, and the applicant for retrial, Zhonghong Ruide Center's application for retrial against the execution of the property involved in the case was rejected, and the Beijing High Court's decision to lift the seizure of the property involved in the case in the second instance still has legal effect. There is no specific amount involved in this case, and it is not directly related to the company's current profit or loss. Since developer Jinfeng Kehua has already entered bankruptcy proceedings, Beijing Internet Security needs to assert the rights of home buyers in the bankruptcy procedure. The final results and impact on the company's profits are uncertain. As of the date of disclosure of the announcement, the total amount of pending litigation arbitration by the Company and its subsidiaries as plaintiffs was RMB 42.3336 million, and the total amount of pending litigation arbitration as defendants was RMB 3.7407 million.
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According to the China Electronics Network Security announcement, Beijing NetAn, a wholly-owned subsidiary of the company, has received a civil ruling from the Supreme Court, and the applicant for retrial, Zhonghong Ruide Center's application for retrial against the execution of the property involved in the case was rejected, and the Beijing High Court's decision to lift the seizure of the property involved in the case in the second instance still has legal effect. There is no specific amount involved in this case, and it is not directly related to the company's current profit or loss. Since developer Jinfeng Kehua has already entered bankruptcy proceedings, Beijing Internet Security needs to assert the rights of home buyers in the bankruptcy procedure. The final results and impact on the company's profits are uncertain. As of the date of disclosure of the announcement, the total amount of pending litigation arbitration by the Company and its subsidiaries as plaintiffs was RMB 42.3336 million, and the total amount of pending litigation arbitration as defendants was RMB 3.7407 million.
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