Golden Eagle Shares (600232): Progress Of Litigation Matters

Zhejiang Golden Eagle Limited by Share Ltd bulletin on progress in litigation matters

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important note:

The litigation stage of the case: the conclusion of the judgement of the Ningbo intermediate people's court

The status of litigants in Listed Companies: defendants and counterparties

The amount involved is 8664050 yuan in litigation and litigation costs, 1045700 yuan in counterclaim and counterclaim fees.

Whether or not it will have a negative impact on the profits and losses of listed companies: this judgment is a judgment of the Ningbo intermediate people's court, which does not negatively affect the profits and losses of listed companies.

I. The basic situation of the case

In January 2018, the Zhejiang Golden Eagle Limited by Share Ltd (hereinafter referred to as "Golden Eagle" or "company") received the notice of complaint delivered by the intermediate people's Court of Ningbo, Zhejiang ([2017] 1445 in Zhejiang and 02 early Republic of China) and related litigation materials.

Arth automotive technology Limited by Share Ltd (hereinafter referred to as "ALT") filed a lawsuit against the Ningbo intermediate people's Court of Zhejiang Province on the ground of technical cooperation in developing contract disputes. The claim was awarded 8664050 yuan and litigation costs to the Golden Eagle Company (see company's Pro 2018-001 announcement).

After filing the case at Ningbo intermediate people's Court of Zhejiang Province, the company filed counterclaim and counterclaim the facts and reasons:

In 2015, the two sides failed to sign the agreement on technology development due to art's reason in the process of consultation and cooperation. The cooperation between the two sides failed to reach a great loss.

Among them, the direct payment cost to Golden Eagle shares is 625700 yuan, which is paid to Japanese partners by Alex's embezzled Golden Eagle shares.

The lawyer fee of 420000 yuan and other related expenses will be paid for mediation and litigation.

Two. The judgment of this case.

Recently, the intermediate people's Court of Ningbo, Zhejiang Province issued the "civil judgment" [(2017) Zhejiang 02.

No. 1445 of the early Republic of China, the following sentences:

(1) to dismiss the plaintiff (counterclaim defendant) litigation request of the Altech automotive technology Limited by Share Ltd; two, to dismiss the defendant (counterplaintiff) Zhejiang Jinying Limited by Share Ltd's prosecution (because the counterclaim involves different subjects, matters not to be heard in the case, and the Golden Eagle shares may be prosecuted separately).

The acceptance fee of this case is 72448 yuan, which is borne by the Altech automotive technology Limited by Share Ltd. The cost of the counterclaim case is 7105.65 yuan and is returned to the Zhejiang Golden Eagle Limited by Share Ltd.

If he is not satisfied with this judgment, he may submit his petition to the court within fifteen days from the date of the service of the judgment and submit a copy of the number of the other party to appeal to the higher people's Court of Zhejiang province.

Three. The impact of the judgment on the company.

The result of this decision is not negatively related to the profits and losses of listed companies.

The company will strictly handle the litigation in strict accordance with the provisions of the legal procedures, and maximize the protection of the legitimate rights and interests of the company.

At the same time, the company will fulfill the obligation of information disclosure in accordance with the progress of litigation, and invite investors to pay attention to investment risk.

Four. Reference documents

Zhejiang province Ningbo intermediate people's court "civil judgment" [(2017) Zhejiang 02 early Republic of China No. 1445]

Notice hereby.

Zhejiang Golden Eagle Limited by Share Ltd board January 29, 2019