Loongson Technology(SH:688047) Shang Hai Zheng Quan Bao·2025-07-24 20:47Core Viewpoint - The court ruled in favor of the plaintiff, Longxin Zhongke Technology Co., Ltd., ordering the defendant, Shanghai Chip United Intelligent Technology Co., Ltd., to pay 450,000 yuan in damages and publish an apology on its website for ten consecutive days to restore the plaintiff's reputation [2][3][5]. Group 1: Lawsuit Overview - Longxin Zhongke filed a civil lawsuit against Shanghai Chip United on March 2, 2021, seeking clarification, apology, reputation restoration, and compensation for economic losses [4]. - The case was accepted by the Beijing Internet Court on July 29, 2021, with the case number (2021) Jing 0491 Min Chu 29334 [4]. Group 2: Lawsuit Progress - On July 23, 2025, the Beijing Internet Court issued a civil judgment requiring Shanghai Chip United to publish an apology and pay 450,000 yuan in damages [5]. - The judgment specifies that if the defendant fails to comply, they will be subject to additional penalties as per the Civil Procedure Law of the People's Republic of China [5]. Group 3: Financial Implications - The lawsuit is not expected to negatively impact the company's normal operations or financial performance [3][7]. - The company will handle accounting matters in accordance with legal regulations and accounting standards based on the case's progress [3][7].