Core Viewpoint - The announcement details significant litigation and arbitration matters involving the company, highlighting a new lawsuit with a claim amount of approximately $1,194.27 million, which represents about 10.07% of the company's latest audited net assets [1][2]. Summary of New Major Litigation - A new lawsuit has been filed against the company regarding a guarantee contract dispute, with the plaintiff seeking payment of $7,520,564.84 for advertising fees from Hong Kong Nansheng Limited, which has allegedly defaulted on its payment obligations [1][2]. - The lawsuit is based on a promotional cooperation framework agreement signed on December 31, 2020, where the company provided services to Nansheng, which has since failed to pay the owed amount [2]. Summary of Previous Major Litigation Progress - The company has faced multiple lawsuits, including a case where the court dismissed a claim from Guangfa Securities regarding a debt recovery dispute [3][5]. - Another arbitration case involves a claim for overdue advertising fees amounting to $2,362,411.69, with a ruling requiring the defendant to pay this amount along with late fees [6]. - A management responsibility dispute has arisen, with a claim for economic damages of approximately $32.44 million against Guangdong Global Easy Buy (Zhaoqing) Cross-Border E-Commerce Co., Ltd. [6][7]. Other Litigation and Arbitration Matters - The company is involved in 13 other enforcement cases with a total claim amount of approximately 432.72 million yuan, with ongoing cases totaling 71.31 million yuan [13]. - The company has recognized an estimated liability of 246 million yuan in previous years, which has not yet impacted current or future profits [13].
跨境通: 关于重大诉讼仲裁及进展公告