Core Viewpoint - The company, Fan Yuan International (02516.HK), is facing legal proceedings related to smuggling charges involving its subsidiary, Hangzhou Fan Yuan International Logistics Co., Ltd., due to past cross-border e-commerce activities [1] Group 1: Legal Proceedings - The company received a summons from the Hangzhou Intermediate People's Court on December 18, 2025, requiring attendance for a hearing on December 24, 2025 [1] - The case pertains to activities conducted between July 2017 and June 2018, where a client allegedly undervalued imports, leading to tax revenue losses for the state [1] - The board has consulted with legal advisors, who indicated that the case does not involve current executives or directors of the company or Hangzhou Fan Yuan [1] Group 2: Potential Financial Impact - If the court finds Hangzhou Fan Yuan liable, the maximum penalty is estimated to be several million RMB, with the exact amount to be determined by the court [1]
泛远国际(02516.HK)收到法院传票