扬子新材: 关于诉讼事项的进展公告

Group 1 - The company, Suzhou Yangtze River New Materials Co., Ltd., has received a civil ruling from the Suzhou Intermediate People's Court allowing the company to withdraw its lawsuit against defendants Hu Weilin and others regarding the misappropriation of funds totaling approximately 363.31 million yuan [1][2] - The lawsuit was initiated due to Hu Weilin's actions during his tenure as general manager from 2018 to 2020, where he misappropriated company funds and provided shares as collateral for repayment [1][2] - The court's ruling permits the withdrawal of the lawsuit without violating legal provisions, and the company will bear a reduced court fee of 66,640 yuan [2] Group 2 - The withdrawal of the lawsuit is not expected to have a significant adverse impact on the company's current or future profits, ensuring that normal operations will continue unaffected [3]