Cambricon(SH:688256) Zhi Tong Cai Jing·2025-10-31 15:08Core Viewpoint - Cambrian (688256.SH) is facing a lawsuit from former CTO Liang Jun, who claims a labor relationship existed from October 18, 2017, to February 10, 2022, and is seeking compensation for stock incentive losses amounting to 4.287 billion yuan [1] Summary by Relevant Sections - Lawsuit Details - The plaintiff is requesting confirmation of a labor relationship during the specified period [1] - The lawsuit includes a claim for compensation of 4.287 billion yuan due to stock incentive losses, based on an indirect holding of 11.5232 million shares at a maximum price of 372 yuan per share [1] - The plaintiff also seeks to have the defendant bear the litigation costs [1] - Background Information - The defendant issued a "Letter of Intent" to the plaintiff on July 31, 2017, with an agreement for the plaintiff to join the company by November 30, 2017, including salary and stock incentive terms [1] - The plaintiff served as the Chief Technology Officer and received stock incentives after joining [1] - Cambrian successfully went public on the Sci-Tech Innovation Board on July 20, 2020, with the plaintiff holding 11.5232 million shares indirectly [1] - Claims and Allegations - The plaintiff alleges that Cambrian failed to fulfill the terms of the "Letter of Intent" and did not provide the agreed working conditions, leading to the forced termination of the labor contract on February 10, 2022 [1] - The plaintiff's shares were set to be unlocked on January 2, 2024, and claims that the company did not cooperate with a request to reduce holdings [1]