Lates News

Recently, Jiangsu Lanfeng Biochemical Technology Co., Ltd. announced that its holding subsidiary, Anhui Xuhe New Energy Technology Co., Ltd., is involved in a lawsuit as a defendant. The plaintiff, Jiangsu Yuhui Sunshine New Energy Co., Ltd., is demanding the return of outstanding prepayments, delivery payments, and liquidated damages totaling 11,233,209.17 yuan due to Xuhe Technology's failure to deliver some products on time. The court has accepted the case but has not yet set a trial date. The impact of this lawsuit on the company's current and future profits is uncertain at this time. As of the announcement date, the company and its holding subsidiary have no other significant lawsuits or arbitration matters that have not been disclosed. Xuhe Technology will take measures to protect the interests of the company and shareholders and will disclose any developments in a timely manner.