LB Group(SZ:002601) Mei Ri Jing Ji Xin Wen·2025-10-14 16:33Core Viewpoint - Longbai Group has filed a lawsuit against several individuals and Hebei Yanshan Steel Group for the alleged infringement of trade secrets related to the chloride process titanium dioxide technology, seeking compensation of 1.31 billion yuan [1][2][4]. Group 1: Lawsuit Details - The lawsuit involves four defendants: Liu Jianliang, Jiang Shuan, Zhao Zequan, and Hebei Yanshan Steel Group, with a claimed economic loss of 1.31 billion yuan [2][3]. - The plaintiff, Yunnan Metallurgical New Li Titanium Industry Co., Ltd., a subsidiary of Longbai Group, alleges that the defendants used its trade secrets for their own chloride titanium dioxide production line [4][5]. - The defendants previously held significant positions within the plaintiff's company and allegedly utilized the plaintiff's technology for their current employer, Hebei Yanshan Steel's affiliated company [4][6]. Group 2: Background Information - Longbai Group is recognized as the world's largest titanium dioxide producer and has both sulfate and chloride production processes [6]. - The company has a history of innovation in chloride titanium production, with its technology team being recognized as a provincial innovation team in Yunnan [6]. - In May 2023, a related lawsuit was filed by a subsidiary of Hebei Yanshan Steel against Yunnan New Li, claiming non-infringement of intellectual property rights, involving a smaller amount of 500,000 yuan [7].