Announces on behalf of subsidiary Huzhou Anli Technology Co., Ltd. concerning arbitration matter

Announces on behalf of subsidiary Huzhou Anli Technology Co., Ltd. concerning arbitration matter
Material Information

  1. Parties to the legal matter: Huzhou Anli Technology Co., Ltd. Jiangsu Didu Construction Engineering Co., Ltd.

  2. Name of the court or punishing agency of the legal matter: Huzhou Arbitration Commission

  3. Reference/Case number of relevant documents of the legal matter:(2022)Hu Zhong No.41

  4. Date of occurrence of the event:2022/03/30

  5. Details of occurrence (including the matter under dispute):Huzhou Anli Technology Co., Ltd.(hereinafter referred to as Huzhou Anli)and Jiangsu Didu Construction Engineering Co., Ltd. (hereinafter referred to as Jiangsu Didu) signed a construction contract on September 1, 2020.The contract has been confirmed by the Huzhou Arbitration Commission on December 22, 2021 that the contract is rescinded.On December 28, 2021, Huzhou Anli and Zhejiang Qiaoxing Construction Group Co., Ltd. (hereinafter referred to as Zhejiang Qiaoxing) completed the signing of the construction contract.However, after the termination of the contract, Jiangsu Didu still did not leave the construction site and prevented Zhejiang Qiaoxing from entering the construction site. Huzhou Anli has appointed the lawyer to handle this case and submitted an arbitration application to the Huzhou Arbitration Commission.And to protect the legal rights and interests of the company.

  6. Handling procedure:Huzhou Anli has appointed the lawyer to handle this case and submitted an arbitration application to the Huzhou Arbitration Commission. And to protect the legal rights and interests of the company.

  7. Impact on the Company’s finance and business and projected amount:Based on current information, the arbitration case did not have a significant impact on the company’s finances and business.

  8. Countermeasures and improvement status:Huzhou Anli has appointed the lawyer to handle this case and submitted an arbitration application to the Huzhou Arbitration Commission. And to protect the legal rights and interests of the company.

  9. Any other matters that need to be specified:None