Core Viewpoint - The company, Wuhan Mingcheng Cultural Sports Group Co., Ltd., is currently facing significant litigation involving claims of false statements that have resulted in financial losses for the plaintiff, Beijing Fusheng Investment Management Co., Ltd. The total amount involved in the lawsuit is approximately RMB 244.34 million, including interest and litigation costs [4][20]. Group 1: Litigation Details - The company has been served with a court summons and is currently the first defendant in the case [2][3]. - The plaintiff, Beijing Fusheng, alleges that its investment in the company's bonds was based on false statements made by the company, leading to financial losses [6][7]. - The total amount claimed by Beijing Fusheng in the lawsuit is RMB 244,337,353.31, which includes principal and interest losses [4][20]. Group 2: Financial Impact - The company has not yet assessed the potential impact of the lawsuit on its current or future profits, as the case has not yet gone to trial [4][20]. - The company is actively monitoring the litigation's progress and intends to respond vigorously to protect its and its shareholders' rights [20]. Group 3: Company Restructuring - The company underwent a restructuring process, which was approved by the Wuhan Intermediate People's Court, and has completed the necessary steps as outlined in its restructuring plan [18][19]. - The restructuring involved a total investment of RMB 601 million and a significant increase in share capital through a stock conversion plan [19].