Kings(SH:603505) Zheng Quan Zhi Xing·2025-07-09 14:10Core Viewpoint - The lawsuit involving Jinshi Resources and the plaintiff Tianci Materials has been withdrawn, which will not impact the company's current or future profits [1][3]. Group 1: Lawsuit Overview - The lawsuit was initiated by Tianci Materials and its subsidiary against Jinshi Resources and its wholly-owned subsidiary Jiangshan Jinshi for alleged infringement of trade secrets [1]. - The Zhejiang Provincial High Court approved the withdrawal of the lawsuit after reviewing the plaintiff's application, confirming it met legal requirements [3]. Group 2: Legal Proceedings - Jinshi Resources initially raised a jurisdictional objection to the Guangzhou Intellectual Property Court, which was dismissed. The company appealed to the Supreme People's Court, which ruled in favor of Jinshi Resources, transferring the case to the Hangzhou Intermediate People's Court [2]. Group 3: Financial Impact - The company has stated that the lawsuit and its withdrawal will not have a significant impact on its current or future profits, as confirmed by the court's decision [3].