Jianyuan Trust: Lawsuit of 402 million yuan accepted for second trial, awaiting verdict.
Jianyuan Trust issued a litigation progress announcement, the second trial of the lawsuit has been accepted by the Shanghai High People's Court with the case number of Hu Min Zhong 419, and the trial has not yet begun. The company is the defendant, and the plaintiff is Shanghai Oriental Securities Asset Management Co., Ltd., with involved amount of 402 million yuan. Previously, the Shanghai Financial Court ruled to reject the lawsuit request of East Securities Asset Management, and East Securities Asset Management is appealing. It is currently unable to determine the impact of this lawsuit on the company's current or future profits, and the company will actively exercise its legal rights in the lawsuit.
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