XCEC(SH:600777) Shang Hai Zheng Quan Bao·2025-08-17 18:25Core Viewpoint - The company provides an update on the progress of a lawsuit regarding securities false statement liability, highlighting the court's decision and the impact of management changes on information disclosure [1][2][3]. Group 1: Lawsuit Progress - The Beijing Financial Court has accepted and consolidated the company's securities false statement liability dispute case, with hearings held on June 18, 19, and 20, 2025 [1]. - A civil judgment was issued by the court on July 16, 2025, and was delivered to the company's legal representative on July 17, 2025 [1]. - The company held a temporary shareholders' meeting on July 24, 2025, to elect a new board of directors and supervisory board, as well as appoint senior management [1]. Group 2: Management Transition - The new management team became aware of the lawsuit's judgment through communication with one of the plaintiffs' representatives on August 7, 2025, during a period of board and management transition [2]. - Due to the transition and staff handover, the company failed to timely understand and disclose relevant materials and information regarding the lawsuit [2]. - The company expressed apologies for the inconvenience caused to investors due to incomplete and insufficient disclosure of the lawsuit details [3].