ZJGS(SH:600052) Zheng Quan Zhi Xing·2025-07-07 16:06Core Viewpoint - Zhejiang Dongwang Times Technology Co., Ltd. is currently involved in a lawsuit initiated by its subsidiary, Zhejiang Gehua Cultural Development Co., Ltd., with a claim amounting to 28.9002 million yuan [1][2]. Group 1: Lawsuit Details - The lawsuit is at the first-instance stage and has not yet been adjudicated [1]. - The plaintiff is Zhejiang Gehua Cultural Development Co., Ltd., while the defendants include Dongyang Zijun Haomai Film and Television Culture Media Co., Ltd., Cao Zhe, Mo Shengjun, and Beijing Zijun Film and Television Culture Media Co., Ltd. [2][3]. - The lawsuit involves a contract dispute and was accepted by the Dongyang People's Court on March 18, 2025 [2]. Group 2: Changes in Litigation Requests - Gehua Cultural has submitted a request to change its litigation claims, specifically seeking to establish priority rights over certain properties for debt recovery [2][3]. - The revised claims include seeking a ruling for the defendants to bear joint guarantee responsibilities for all debts owed by the first defendant [2][3]. Group 3: Ongoing Monitoring - The company will continue to monitor the progress of the lawsuit and assess its potential impact on financial results based on legal and accounting advice [1][3]. - The company has no other undisclosed significant litigation or arbitration matters as of the announcement date [3].