Cambricon(SH:688256) Ju Chao Zi Xun·2025-10-31 13:54Core Viewpoint - Cambricon has disclosed a labor dispute lawsuit involving a former executive, which is currently accepted by the Haidian District People's Court in Beijing and has not yet been heard [1][3]. Group 1: Lawsuit Details - The plaintiff, Liang Jun, a former vice president of the company, left in early 2022 and is seeking three main requests: confirmation of an employment relationship from October 18, 2017, to February 10, 2022; compensation for stock incentive losses amounting to RMB 4,286,624,448, based on 11,523,184 shares held indirectly, calculated at the highest stock price of RMB 372 as of October 10, 2024; and the company to bear the litigation costs [3]. - Cambricon responded that Liang did not directly hold shares before leaving and that his stock incentive rights were subject to a buyback clause in the "Shareholding Plan B," which he refused to cooperate with after leaving during the restriction period [3][4]. Group 2: Previous Legal Actions - Liang has previously filed two lawsuits regarding the partnership agreement related to the shareholding platform, both of which were dismissed by the court or arbitration institutions, with the rulings now effective [4]. - The arbitration ruling confirmed that Liang was aware of and agreed to the terms of the "Shareholding Plan" when signing it, thus he is bound by its provisions [4]. Group 3: Company Response and Impact - Cambricon has engaged a legal team to analyze Liang's claims comprehensively and will actively respond to the lawsuit to protect the company's and investors' legal rights [4]. - The company believes that this lawsuit will not affect its daily research and operations, and since the case has not yet been heard, it expects no impact on current profits, with future profit effects depending on the final court ruling [4].