Core Viewpoint - The company, Longbai Group, has initiated a lawsuit regarding the infringement of its technical secrets related to the chlorination process for titanium dioxide production, with a total claim amounting to RMB 131.05 million [2][3]. Group 1: Lawsuit Details - The lawsuit has been officially accepted by the Yunnan Provincial High People's Court, with Longbai Group's subsidiary, Yunnan Xinli, as one of the co-plaintiffs [3]. - The defendants include individuals who previously held significant positions within Yunnan Xinli and a related company, Hebei Yanshan Steel Group [4][5]. - The lawsuit claims that the defendants misused the company's technical secrets for their own benefit in the planning and construction of a titanium dioxide production line [5]. Group 2: Legal Claims - The plaintiffs are seeking several legal remedies, including an injunction against the defendants from using the technical secrets, destruction of materials containing the secrets, and public apologies in specified media [6]. - The total economic damages claimed by the plaintiffs amount to RMB 130.05 million, with an additional RMB 10 million for reasonable legal expenses [6]. Group 3: Previous Legal Actions - The company has previously disclosed related legal matters, including a criminal case against some defendants for the infringement of commercial secrets, which is still pending judgment [7]. - Another civil case involving Yunnan Xinli as a defendant has been initiated by a subsidiary of Hebei Yanshan Steel Group, with a claim of RMB 500,000, which is also unresolved [7]. Group 4: Financial Impact - The company is currently unable to assess the impact of this lawsuit on its profits for the current or future periods, as the case has not yet gone to trial [9].

Core Viewpoint - Longbai Group has filed a lawsuit against several individuals and Hebei Yanshan Steel Group for the alleged infringement of trade secrets related to the chloride process titanium dioxide technology, seeking compensation of 1.31 billion yuan [1][2][4]. Group 1: Lawsuit Details - The lawsuit involves four defendants: Liu Jianliang, Jiang Shuan, Zhao Zequan, and Hebei Yanshan Steel Group, with a claimed economic loss of 1.31 billion yuan [2][3]. - The plaintiff, Yunnan Metallurgical New Li Titanium Industry Co., Ltd., a subsidiary of Longbai Group, alleges that the defendants used its trade secrets for their own chloride titanium dioxide production line [4][5]. - The defendants previously held significant positions within the plaintiff's company and allegedly utilized the plaintiff's technology for their current employer, Hebei Yanshan Steel's affiliated company [4][6]. Group 2: Background Information - Longbai Group is recognized as the world's largest titanium dioxide producer and has both sulfate and chloride production processes [6]. - The company has a history of innovation in chloride titanium production, with its technology team being recognized as a provincial innovation team in Yunnan [6]. - In May 2023, a related lawsuit was filed by a subsidiary of Hebei Yanshan Steel against Yunnan New Li, claiming non-infringement of intellectual property rights, involving a smaller amount of 500,000 yuan [7].

Core Viewpoint - Longbai Group's subsidiary, Yunnan Metallurgical New Li Titanium Industry Co., Ltd., has initiated a lawsuit regarding the infringement of trade secrets related to the construction process and production technology of a large-scale titanium dioxide production line [1] Group 1: Legal Proceedings - Yunnan New Li has received a notice from the Yunnan Provincial High People's Court, confirming the acceptance of the case [1] - The lawsuit involves multiple defendants, including Liu Jianliang, Jiang Shuan, and Zhao Zequan, who previously held significant positions within Yunnan New Li [1] - The total amount involved in the case is approximately 1.311 billion yuan [1] Group 2: Technical Secrets - The trade secrets in question pertain to the technology and processes that Yunnan New Li has implemented with strict confidentiality measures since 2007 [1] - The defendants allegedly utilized these trade secrets for the planning, design, and construction of a titanium dioxide production line at an associated company of Hebei Yangan [1]