Core Viewpoint - The company, Fan Yuan International (02516), is facing legal proceedings related to smuggling ordinary goods, which may involve financial penalties but is not expected to significantly impact the group's financial performance [1][2]. Group 1: Legal Proceedings - The company received a summons from the Hangzhou Intermediate People's Court on December 18, 2025, requiring its subsidiary, Hangzhou Fan Yuan International Logistics Co., Ltd., and two employees to appear in court on December 24, 2025 [1]. - The case pertains to cross-border e-commerce import clearance and logistics services conducted by Hangzhou Fan Yuan from July 2017 to June 2018, where a client allegedly underreported imports, leading to potential tax revenue loss for the state [1]. - The company's board has sought legal advice, which indicates that the case does not involve current executives or directors, and any penalties would likely be limited to fines, estimated to be in the hundreds of thousands of RMB [1]. Group 2: Financial Impact - The company is currently unable to predict the outcome of the case definitively [2]. - Based on the legal counsel's opinion, the company anticipates that the case will not have any significant adverse impact on the group's financial performance [2].
泛远国际(02516)收到法院传票