Shanghai Sanmao (600689): Progress In Litigation Matters Of Subsidiaries

B 900922 Sanmao B Share

Shanghai Sanmao enterprise (Group) Co., Ltd

Progress announcement on litigation matters of subsidiaries

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.

Important content tips:

The litigation stage of the case: the judgment of the first instance

Party status: Shanghai Sanlian textile printing and dyeing Co., Ltd., a wholly-owned subsidiary, is the plaintiff of this case

Whether it will have a negative impact on the profits and losses of listed companies: the litigation announced this time is the result of the first instance civil judgment, and the parties of the case can appeal within the specified time limit. If calculated according to the judgment result, this matter will not have a significant impact on the business operation and financial status of the company.

Shanghai Sanmao enterprise (Group) Co., Ltd. (hereinafter referred to as "the company") issued the announcement on filing a lawsuit by a wholly-owned subsidiary on November 24, 2020 (Announcement No.: p.2020-050), Disclose the basic information and litigation claims of the dispute over the confirmation of property rights between Shanghai Sanlian textile printing and dyeing Co., Ltd. (hereinafter referred to as "Sanlian printing and dyeing company") v. Shanghai Pudong Beicai textile printing and dyeing Co., Ltd（ For details, please refer to the relevant announcements disclosed by the company on November 24, 2020 in Shanghai Securities Journal, Hong Kong Wenwei Po and the website of Shanghai Stock Exchange at www.sse.com.cn).

1、 Basic information of litigation

In November 2020, Shanghai Sanlian textile printing and dyeing Co., Ltd., a wholly-owned subsidiary of the company, took Shanghai Pudong Beicai textile printing and dyeing Co., Ltd. (hereinafter referred to as "the defendant") as the defendant and filed a civil lawsuit with Shanghai No. 1 Intermediate People's court for confirmation of No. 14, 18, No. 18, No. 036986 attached to Shanghai real estate ownership certificate The ownership of 29 buildings with a total area of 6141.69 square meters and the right to use the land where the houses are located.

II. Judgment of this lawsuit

Recently, the company received the civil judgment No. (2020) Hu 01, No. 312 of Shanghai First Intermediate People's court. The first intermediate people's Court of Shanghai made a first instance judgment on the dispute between Sanlian printing and dyeing Co., Ltd. and the defendant over the confirmation of real right. The judgment contents are as follows:

"The plaintiff Shanghai Sanlian textile printing and dyeing Co., Ltd. was rejected.

The case acceptance fee is RMB 579197.88, which is borne by the plaintiff Shanghai Sanlian textile printing and dyeing Co., Ltd.

If you are not satisfied with this judgment, you may, within 15 days from the date of service of the judgment, submit a petition of appeal to this court, and file a copy according to the number of the other parties, and appeal to the Shanghai Higher People's court. "

3. The impact of the lawsuit announced this time on the current or future profits of the company

The announced litigation is the result of the first instance civil judgment, and the parties to the case can appeal within the specified time limit. If calculated according to the judgment result, this matter will not have a significant impact on the business operation and financial status of the company.

The company will pay close attention to the progress of the matter, strictly comply with the requirements of relevant laws and regulations, and timely fulfill the obligation of information disclosure. The information disclosure media designated by the company are "Shanghai Securities News", "Hong Kong Wenwei Bao" and the website of Shanghai Stock Exchange www.sse.com.cn. Please invest rationally and pay attention to investment risks.

It is hereby announced.

Shanghai Sanmao enterprise (Group) Co., Ltd

July 22, 2001

Documents for reference

Civil judgment of Shanghai First Intermediate People's Court (2020) Hu 01 No. 312