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Keyuan Smart announced that in the case of a savings deposit contract dispute between Nanjing Keyuan Smart Energy Investment Co., Ltd., a wholly-owned subsidiary of the company, and SPD Bank Nantong Branch, the Nantong Intermediate People's Court had finally ruled to dismiss the appeal and uphold the original judgment. The company applied for enforcement in July 2025 and received a transfer of execution from the court. The Nantong branch of SPD Bank applied to the Jiangsu Provincial High People's Court for retrial against the final judgment and the case was filed. Recently, Smart Energy Investment Company received the Jiangsu Provincial High People's Court's Civil Ruling No. 2623, ruling that SPD Bank's Nantong Branch's application for retrial was rejected. According to this ruling, the lawsuit will not affect the company's profits.
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Keyuan Smart announced that in the case of a savings deposit contract dispute between Nanjing Keyuan Smart Energy Investment Co., Ltd., a wholly-owned subsidiary of the company, and SPD Bank Nantong Branch, the Nantong Intermediate People's Court had finally ruled to dismiss the appeal and uphold the original judgment. The company applied for enforcement in July 2025 and received a transfer of execution from the court. The Nantong branch of SPD Bank applied to the Jiangsu Provincial High People's Court for retrial against the final judgment and the case was filed. Recently, Smart Energy Investment Company received the Jiangsu Provincial High People's Court's Civil Ruling No. 2623, ruling that SPD Bank's Nantong Branch's application for retrial was rejected. According to this ruling, the lawsuit will not affect the company's profits.
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