PACIFIC SECURITIES(SH:601099) Shang Hai Zheng Quan Bao·2025-08-04 18:45Core Viewpoint - The announcement details the ongoing litigation involving Pacific Securities Co., Ltd. against Yang Jun and Shanghai Jiaming Real Estate Co., Ltd. regarding infringement liability disputes, with recent developments indicating a review by the Supreme People's Court [2][3][4][5]. Group 1: Litigation Overview - The company has previously disclosed the basic situation and progress of the lawsuits against Yang Jun and Shanghai Jiaming Real Estate Co., Ltd. related to infringement liability [2]. - The lawsuits stem from stock pledge repurchase transaction defaults involving Jiangsu Longming Management Consulting Co., Ltd. and Dazhi Hengsheng Equity Investment Partnership [2][3]. - The company filed lawsuits in 2019 and has faced multiple court decisions, including rejections of its claims, leading to appeals and a recent request for retrial by the Supreme People's Court [2][3][4][5]. Group 2: Recent Developments - The Supreme People's Court issued civil rulings that revoked previous first and second-instance decisions, instructing the Kunming Intermediate People's Court to conduct a new trial for both cases [4][5]. - The company has received partial debt recovery related to these cases and has made corresponding asset impairment provisions, indicating that the litigation will not have a significant impact on current or future profits [6]. Group 3: Business Operations - The company reports that all business operations are normal and will continue to monitor the litigation's progress while taking necessary measures to protect the rights of the company and its shareholders [7].