Jingyan Technology: The application for retrial by Chen Mingfang and Zheng Yilin has been rejected.

date
25/03/2026
Advanced Technology Announcement: Recently, the company received the "Civil Judgment" Su Min Shen 2501 issued by the Higher People's Court of Jiangsu Province. The Higher People's Court of Jiangsu Province ruled as follows in this case: to reject the application for retrial by Chen Mingfang and Zheng Yilin. In accordance with the effective judgment of the second instance in this case, Chen Mingfang and Zheng Yilin shall pay the company the corresponding performance compensation, liquidated damages, and attorney's fees. As the obligors mentioned above have not fulfilled the obligations determined by the effective legal documents, the company has applied for enforcement to the court, frozen their relevant equity assets according to the law, and found some clues to immovable properties. As of now, only 160,600 yuan has been deducted through their bank accounts and online payment accounts. Although the company has applied for the auction and sale of the 10% equity of Shenzhen Antixin Technology Co., Ltd. held by Chen Mingfang, the limited availability of assets for execution and the uncertainty of the execution results have resulted in a limited overall execution scale, and the company has not confirmed the revenue of the performance compensation yet. The impact of this case on the company's current or future profits will depend on the follow-up execution situation.