Xinghui Co., Ltd. announced that the company previously disclosed that six plaintiffs sued the company and three subsidiaries over a liability dispute that harmed the interests of the company's creditors, demanding joint and several liability for compensation of RMB 854.653 million. This time, the company received a civil judgment in the first instance. The court ruled to dismiss all lawsuits from the six plaintiffs, and the company and its subsidiaries are not jointly and severally liable for settlement. The ruling has not yet entered into force, and there is still uncertainty about the final outcome.

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.