Zhitong Finance App News, Suotong Development (603612.SH) issued an announcement. Recently, the company received a notice from Mr. Lang Guanghui, the controlling shareholder and actual controller, that the post-divorce property dispute between his ex-wife, Ms. Wang Ping, against Mr. Lang Guanghui, has been filed by the Beijing Chaoyang District People's Court. Ms. Wang Ping sued for the termination of the “Concerted Action and Voting Rights Entrustment Agreement” and requested an additional share of 237.18,700 shares of the company; in addition to the above request, the total amount of the remaining lawsuits filed by Ms. Wang Ping was about 393 million yuan.

As of the date of disclosure of the announcement, the above lawsuit is in the mediation stage and no trial has yet been held. The case only involved the controlling shareholder and the actual controller's individual shareholders' rights and interests. It had nothing to do with the company's production and operation, and would not have a significant impact on the company's business situation. According to the “Concerted Action and Voting Rights Entrustment Agreement”, it is possible to unilaterally cancel the agreement only if the relevant agreement is found to be in breach of contract by a legal document in force, resulting in the inability to perform the agreement, or if its continued performance harms the interests of the company or any party to the agreement.

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