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Changyuan Group announced that the company has made progress in a number of litigation matters: in the case of Gree Investment and Jinnuoxin suing corporate securities misrepresentation liability disputes, the Shenzhen Intermediate Court handed down a first instance verdict and rejected all of the plaintiffs' lawsuits. The amount involved was about 413 million yuan. The subsidiary Changyuan Tiangong was revised in the second instance over the new capital subscription dispute. There was no payment liability. Zhang Changyun and Zhang Changxin jointly paid 14.3561 million yuan and interest. The judgment has already taken effect. The subsidiary Changyuan Energy was ordered to pay 18.487,600 yuan and corresponding interest in the first instance in a construction contract dispute involving the construction contract of the construction project. Changyuan Energy has filed an appeal. The final impact of this lawsuit on the company's net profit is based on the audit results.
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Changyuan Group announced that the company has made progress in a number of litigation matters: in the case of Gree Investment and Jinnuoxin suing corporate securities misrepresentation liability disputes, the Shenzhen Intermediate Court handed down a first instance verdict and rejected all of the plaintiffs' lawsuits. The amount involved was about 413 million yuan. The subsidiary Changyuan Tiangong was revised in the second instance over the new capital subscription dispute. There was no payment liability. Zhang Changyun and Zhang Changxin jointly paid 14.3561 million yuan and interest. The judgment has already taken effect. The subsidiary Changyuan Energy was ordered to pay 18.487,600 yuan and corresponding interest in the first instance in a construction contract dispute involving the construction contract of the construction project. Changyuan Energy has filed an appeal. The final impact of this lawsuit on the company's net profit is based on the audit results.
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