LB Group(SZ:002601) Shang Hai Zheng Quan Bao·2025-10-14 21:20Core Viewpoint - The company, Longbai Group, has initiated a lawsuit regarding the infringement of its technical secrets related to the chlorination process for titanium dioxide production, with a total claim amounting to RMB 131.05 million [2][3]. Group 1: Lawsuit Details - The lawsuit has been officially accepted by the Yunnan Provincial High People's Court, with Longbai Group's subsidiary, Yunnan Xinli, as one of the co-plaintiffs [3]. - The defendants include individuals who previously held significant positions within Yunnan Xinli and a related company, Hebei Yanshan Steel Group [4][5]. - The lawsuit claims that the defendants misused the company's technical secrets for their own benefit in the planning and construction of a titanium dioxide production line [5]. Group 2: Legal Claims - The plaintiffs are seeking several legal remedies, including an injunction against the defendants from using the technical secrets, destruction of materials containing the secrets, and public apologies in specified media [6]. - The total economic damages claimed by the plaintiffs amount to RMB 130.05 million, with an additional RMB 10 million for reasonable legal expenses [6]. Group 3: Previous Legal Actions - The company has previously disclosed related legal matters, including a criminal case against some defendants for the infringement of commercial secrets, which is still pending judgment [7]. - Another civil case involving Yunnan Xinli as a defendant has been initiated by a subsidiary of Hebei Yanshan Steel Group, with a claim of RMB 500,000, which is also unresolved [7]. Group 4: Financial Impact - The company is currently unable to assess the impact of this lawsuit on its profits for the current or future periods, as the case has not yet gone to trial [9].