Biwin Storage Technology (SH:688525) Zheng Quan Zhi Xing·2025-06-24 19:18Core Viewpoint - Shenzhen Biwin Storage Technology Co., Ltd. is currently involved in two lawsuits regarding patent infringement, with the company as the first defendant. The company believes that the lawsuits will not significantly impact its operations or financial status due to adherence to the FRAND principle and the impending expiration of the involved patents [1][2][6]. Summary by Sections Lawsuit Overview - The company received a summons from the Nanjing Intermediate People's Court on June 24, 2025, regarding two lawsuits filed by Yuan Yuzhi Technology (Shenzhen) Co., Ltd., a subsidiary of Jiangbolong Electronics [2][3]. - The lawsuits involve claims for stopping the manufacture and sale of eMMC products and the destruction of inventory, with a total claim amount of approximately RMB 608,425 for each case [3][4]. Details of the Cases - Case One: - Case Number: (2025) Su 01 Minchu 1539 - Involves a patent related to methods for booting host devices from MMC/SD devices, originally filed by Nokia and expiring on November 27, 2026 [3][4]. - Case Two: - Case Number: (2025) Su 01 Minchu 1541 - Involves a similar patent with the same expiration date and original applicant [4][5]. Company’s Position and Impact Assessment - The company has assessed that the lawsuits will not have a major adverse effect on its production, operations, or financial condition [1][2][6]. - The company has a strong patent portfolio with 404 patents, including 150 invention patents, which supports its technological leadership [6]. - The company maintains that it has acted in good faith during licensing negotiations and has not committed any significant wrongdoing [7][8]. - The company plans to file a request for invalidation of the involved patents with the National Intellectual Property Administration [8]. Future Actions - The company will actively defend its rights and interests in the lawsuits and will continue to disclose information regarding the progress of the cases in accordance with relevant regulations [2][9].