Core Viewpoint - Bawei Storage has received a lawsuit regarding patent infringement from Yuan Yuzhi Technology (Shenzhen) Co., Ltd., which claims that Bawei Storage and Jiangsu Jinzhen Mobile Chain Trading Co., Ltd. have infringed on two of its invention patents, seeking a total compensation of RMB 1,216,850 [4][5]. Summary by Sections Lawsuit Overview - The lawsuit involves two patents with numbers ZL200680051271.3 and ZL201110159902.6, with Yuan Yuzhi demanding Bawei Storage to cease manufacturing and selling related products [5]. Company Response - Bawei Storage emphasizes its commitment to fair and reasonable negotiations and believes the lawsuit lacks legal support. The company also notes that the patents in question will expire on November 27, 2026, after which the claims will no longer be valid [6]. Impact on Company - The company asserts that the lawsuit will not significantly affect its operations or financial status, and it expects minimal impact on current and future profits. Bawei Storage will continue to supply its customers without interruption [7]. Future Outlook - Bawei Storage plans to contest the claims regarding the patents and will file for invalidation of the patents with the National Intellectual Property Administration. The company remains focused on innovation and protecting its intellectual property rights [8]. Company Confidence - The board of Bawei Storage expresses confidence in handling the lawsuit and emphasizes its commitment to core business operations and providing high-quality products and services to customers [9].