Core Viewpoint - The company, Baide International (02668), has received a civil judgment from the Guangdong High People's Court regarding a legal lawsuit related to a loan agreement with Huaxia Bank's Shenzhen branch, which has resulted in a significant financial obligation for the company and its subsidiaries [1] Group 1: Legal Judgment Details - The court dismissed the appeal made by Shenzhen Jingsheng, a wholly-owned subsidiary of the company, and upheld the original civil ruling [1] - Shenzhen Jingsheng is ordered to repay a total loan principal of RMB 279 million, along with interest of approximately RMB 7.88 million, and related penalties for default [1] - The company and several of its subsidiaries, acting as guarantors, are jointly liable for the repayment of these debts [1] Group 2: Financial Implications - In addition to the loan repayment, the company and its guarantors are required to pay litigation costs totaling approximately RMB 1.4584 million [1] - The civil judgment is final and conclusive, with no further appeals allowed [1] Group 3: Future Actions - The company will continue to seek legal advice and explore feasible options following the judgment [1] - Management is in discussions with the bank to reach an amicable resolution regarding the default issues, including repayment arrangements and other potential alternatives [1] - The company will issue further announcements on significant updates related to the loan and default as necessary [1]
百德国际：高院驳回附属深圳金胜提出的上诉 并维持民事裁定书的原判