WLGF(SH:603779) Shang Hai Zheng Quan Bao·2025-10-29 21:57Core Viewpoint - The announcement details a lawsuit involving a wholly-owned subsidiary of the company, which may potentially impact the company's financial performance, although the extent of this impact is currently indeterminate as the case has not yet been heard in court [2][5]. Group 1: Lawsuit Details - The lawsuit involves the applicant, Wuwei Cultural Tourism Development (Group) Co., Ltd., against the defendant, Shandong Weilang Group Co., Ltd., with the subsidiary, Wuwei Weilang Organic Grape Planting Co., Ltd., as a third party [2][3]. - The plaintiff seeks to terminate agreements related to 20,073 acres of land and demands a penalty of 4.793 million yuan for breach of contract [2][3]. Group 2: Background of the Case - The original agreement was signed in July 2005, allowing the defendant to use land for grape cultivation for a period of 50 years, with specific terms regarding payment and land use [3][4]. - A supplementary agreement in July 2010 expanded the land area to 20,073 acres, with detailed payment obligations and penalties for breaches [4]. - In December 2019, the land was transferred to the plaintiff, who claims that the defendant has not adhered to the original contract terms regarding land use [4]. Group 3: Potential Impact on the Company - As of the announcement date, the company cannot assess the potential financial impact of the lawsuit, which will depend on the court's ruling [5]. - The company is taking the lawsuit seriously and is preparing to respond, ensuring compliance with information disclosure obligations to protect shareholder interests [5].