Shanghai Sanmao (600689): Litigation Matters

B 900922 three hair B shares

Shanghai San Mao enterprise (Group) Limited by Share Ltd announcements on 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 appeals phase of the second instance, the court has not yet filed the case. The company is transferred from the original third person to the appellant.

The status of the litigants: the appellant (the third person originally tried)

The amount involved is 892 thousand and 800 yuan in payment and interest loss in overdue payment.

Whether it will have a negative impact on the profits and losses of listed companies: because the case has not yet been heard, it is expected that the company may have a negative impact on the company's profits and losses.

First, the basic situation of this case.

The Shanghai San Mao enterprise (Group) Limited by Share Ltd (hereinafter referred to as "company" and "our company") received the "civil petition" issued by the people's Court of Changning District, Shanghai in December 17, 2019.

The parties to the proceedings are as follows:

Appellant (original defendant): Shanghai Yun Lun Trading Co., Ltd. (hereinafter referred to as "Yun Lun Trading Company").

Appellant (plaintiff of first instance): Shaoxing Fushen Textile Technology Co., Ltd. (hereinafter referred to as "Fu Shen textile company")

Appellant (original third party): Shanghai San Mao enterprise (Group) Limited by Share Ltd

In connection with the dispute over the sale and purchase contract between Futian textile company and the appellant, the appellant's trading company refused to accept the civil judgment No. 13221 (0105) in the early 0105 of the Republic of China, which was made by the Changning District people's Court of Shanghai. It appealed to the first intermediate people's Court of Shanghai.

The company is transferred from the original third person to the appellant.

Appeal request:

1, in accordance with the law, the people's Court of Changning District, Shanghai (2018), 21957 (0105) from the 0105 people's Republic of China (2018), quoted by the people's Court of the people's Republic of China (may be quoted as a case in the civil lawsuit) may be cited as a mistake in the case number. The judgment of the civil judgment has been changed according to law. The payment of the goods to the appellant (original trial third), the Shanghai San Mao enterprise (Group) Limited by Share Ltd to the appellant (original plaintiff), Fuzhou Shenzhen Textile Technology Co., Ltd. has been paid 892794.65 yuan, and the appellant (the original trial third person) has paid the appellant (plaintiff of the original trial) the interest loss of the Fuzhou Shenzhen Textile Technology Co., Ltd..

2. The first instance's acceptance fee, countercharge case acceptance fee, preservation fee, authentication (examination) fee and second instance case acceptance fee shall be borne by the appellant (the original third party) of the Shanghai San Mao enterprise (Group) Limited by Share Ltd.

Two. Litigation case fact

In 2018, the plaintiff, Shaoxing Fushen Textile Technology Co., Ltd. and the defendant of the first trial, Shanghai Yun Lan Trading Co., Ltd., complained to Shanghai Changning District people's court for a dispute over the sales contract. In November 12th of the same year, the people's Court of Changning District applied for an additional third companies to join the lawsuit according to law. Since then, the company has been involved in the hearing of the case and has completed some of the proof work with the polyamide trading company.

In November 29, 2019, the people's Court of Changning District, Shanghai, made 13221 (0105) civil judgments in Shanghai and 0105 early Republic of China.

1, the defendant Shanghai Yun Lun Trading Co., Ltd. shall pay the plaintiff Shaoxing Fushen Textile Technology Co., Ltd. 892794.65 yuan and pay the interest loss of the overdue payment of the plaintiff Shaoxing Fu Shen Textile Technology Co., Ltd. within ten days from the date of its entry into force. (892794.65 yuan shall be the base, 1.50 times the loan interest rate stipulated by the people's Bank of China at the same time). It will be calculated from June 22, 2018 to August 19, 2019; with 892794.65 yuan as the base, the interest rate quoted by the national interbank lending center (LPR) will be calculated from August 20, 2019 to the actual date of payment.

2, reject all counterclaim requests from the plaintiff of Shanghai Yun LAN Trade Co., Ltd.

3, the case acceptance fee is 12714.20 yuan, the countercharge case fee is 5865 yuan, the preservation fee is 5000 yuan, and the appraisal (detection) fee is 5300 yuan, which is borne by the defendant (counterplaintiff) Shanghai Yun LAN Trade Co., Ltd.

Three. The impact of this announcement on the company's current profits or future profits.

As the case has not yet been heard, it is expected that the company may have a negative impact on the company's profits and losses. The company will fulfill its obligation of information disclosure in accordance with the progress of litigation.

Four. Reference documents

1. Civil petition.

2, Shanghai Changning District people's court civil judgment (2018) Shanghai 0105 early Republic 13221

The company designated the information disclosure media as the Shanghai stock exchange website (www.sse.com.cn), the Shanghai Securities Journal and Hongkong Wen Wei Po. We invite investors to invest rationally and pay attention to investment risks.

Notice hereby.

Shanghai San Mao enterprise (Group) Limited by Share Ltd

Two December 18th 19