Core Viewpoint - The ongoing legal dispute between Jiaotong University Angli and several non-profit organizations regarding contract termination has reached a new development, with the court ruling against Jiaotong University Angli's appeal and maintaining the original judgment [1][5]. Group 1: Legal Proceedings - On September 11, 2023, Jiaotong University Angli announced that it received a second-instance civil judgment from the Shanghai First Intermediate People's Court, which rejected all appeal requests from its subsidiary, Shanghai Renxing Health Management Co., Ltd. [1] - The first-instance court had previously dismissed all claims from Shanghai Renxing against the non-profit organizations, as well as the counterclaims from the defendants [1][5]. - Jiaotong University Angli plans to file for a retrial, expressing dissatisfaction with the current court ruling [1][5]. Group 2: Background of the Dispute - The dispute originated in March 2019 when Jiaotong University Angli acquired Shanghai Renxing for 600 million yuan, which included management consulting services for several non-profit organizations [2]. - In April 2020, a transfer agreement was signed, transferring the rights and obligations of the management consulting services to another subsidiary, Renheng Health Management Co., Ltd. [2]. - In July 2023, multiple non-profit organizations issued a notice of breach, claiming that the management services provided by Renheng had significantly weakened since the change of actual control in August 2022 [3]. Group 3: Claims and Denials - The non-profit organizations alleged that Renheng Health Management failed to fulfill its consulting obligations, leading to operational difficulties [3]. - Jiaotong University Angli denied these claims, asserting that Renheng continued to provide services and had promptly replaced departing personnel [4]. - The company initiated legal action to declare the agreements with the non-profit organizations invalid, citing their non-profit status and related regulations [5]. Group 4: Financial Implications - The management consulting fee income from the non-profit organizations was approximately 56.65 million yuan in 2021, accounting for 15.63% of the company's total revenue for that year [6]. - The company has already fully provisioned for impairment of future revenue from these management services in its 2022 annual report, indicating that the court's ruling will not significantly impact its net profit for 2025 [6].