CCOOP GROUP(SZ:000564) Shang Hai Zheng Quan Bao·2025-10-31 18:46Core Viewpoint - The company announced the progress of a significant lawsuit involving its subsidiary, Shandong HNA Commercial Development Co., Ltd., which has reached a final judgment stage, resulting in an expected profit increase of approximately 99.0042 million yuan [1][6]. Group 1: Lawsuit Overview - The lawsuit involves a claim by Western Trust Co., Ltd. against Shandong HNA Commercial for a debt amounting to 3,677,985,344.98 yuan, with claims for both secured and unsecured debts [1][2]. - The case originated from a mortgage contract signed in February 2017, where Shandong HNA Commercial provided collateral for debts owed by its affiliates [1][2]. Group 2: Progress of the Lawsuit - In October 2022, the first-instance court ruled that Western Trust had a valid claim for 2,141,512,680.34 yuan, but both parties appealed the decision [2][3]. - In June 2024, the higher court annulled the first-instance ruling and ordered a retrial, which led to a new judgment in June 2025 [3][4]. - The final judgment upheld the first-instance ruling, confirming Shandong HNA Commercial's liability for half of the unpayable debt amount [4]. Group 3: Financial Impact - The final judgment is expected to increase the company's profits by approximately 99.0042 million yuan, with accounting adjustments to be made in accordance with relevant standards [6][8]. - The company has made provisions for potential liabilities related to the lawsuit, ensuring that any financial impact is managed within its restructuring plan [6].