Everbright (06178) announced that on December 16, 2024, the company received a lawsuit and civil ruling delivered by the Intermediate People's Court of Nanjing City, Jiangsu Province.
According to the Zhito Finance APP, Everbright (06178) announced that on December 16, 2024, it received a complaint and civil ruling from the Intermediate People's Court of Nanjing City, Jiangsu Province.
A total of 10 individual investors, including Ye Xiaoming and Yu Mengxian, filed a lawsuit against Jin Tong Ling Technology Group Co., Ltd. (Jin Tong Ling, a company listed on the Shenzhen Stock Exchange with stock code: 300091) and relevant individuals and professional institutions, alleging securities false statement liability disputes. The company acts as an independent financial advisor for Jin Tong Ling's project of issuing shares to purchase assets and raising supporting funds in 2018 and is one of the 24 defendants in the lawsuit.
The plaintiffs' requests include: (1) ordering Jin Tong Ling to compensate the 10 plaintiffs for their investment loss, commission, and stamp duty loss totaling 0.756 million RMB; (2) ordering the other defendants to bear joint liability for Jin Tong Ling's aforementioned compensation responsibilities; (3) ordering the litigation costs of the lawsuit and the attorney's fees paid by the plaintiffs for the lawsuit to be borne by each defendant.
The court ruled that the ordinary representative litigation procedure shall be applied to the case, and at the same time determined the scope of rights holders for the case as follows: (1) those who bought Jin Tong Ling stocks through public bidding from April 26, 2018 (inclusive) to June 27, 2023 (inclusive) and still held them after the market closed on June 27, 2023 (inclusive); (2) those who bought Jin Tong Ling stocks through public bidding from April 26, 2018 (inclusive) to April 27, 2023 (inclusive) and sold them from April 28, 2023 (inclusive) to June 27, 2023 (inclusive). If anyone disagrees with this ruling, they can apply for a review to the Jiangsu Higher People's Court within ten days from the date of receiving the civil ruling.
Currently, the total amount of the plaintiffs' claims is 0.756 million RMB. Given that the litigation is proposed to follow the representative litigation procedure and has not yet been heard in court, the final amount in the lawsuit is uncertain, and it is currently not possible to determine the impact on the company's current or future profits. The company’s financial situation is currently stable, and its operational conditions are normal.