Core Viewpoint - The lawsuit involving Cambrian Technology Co., Ltd. and its former CTO Liang Jun centers around a labor dispute with a claim for compensation of approximately 4.287 billion yuan for stock incentive losses, highlighting significant discrepancies in the valuation of equity between the parties involved [2][10][12]. Summary by Sections Lawsuit Details - The lawsuit has been officially accepted by the court, and the company has received the complaint documents, but the hearing has not yet taken place [5]. - Liang Jun, the plaintiff and former CTO, is seeking to confirm the existence of a labor relationship from October 18, 2017, to February 10, 2022, and to claim compensation for stock incentive losses amounting to 4.287 billion yuan [6][10]. - The compensation claim is based on Liang Jun's indirect holding of 11.523 million shares of Cambrian, calculated at a stock price of 372 yuan per share as of October 10, 2024 [6][10]. Company Position and Response - Cambrian is positioned as the defendant in this labor dispute, asserting that Liang Jun did not directly hold shares before his departure and that the stock incentive he claims is based on a stockholding plan he signed [7][11]. - The company has engaged a legal team to analyze Liang Jun's claims and intends to actively respond to the lawsuit, emphasizing that the case does not impact its daily operations or research and development [7][17]. Background of the Dispute - The dispute originates from a stockholding plan signed in 2019, with Liang Jun claiming compensation based on this plan, while Cambrian insists on following the agreed procedures for share repurchase [8][11]. - The stock's market value related to this dispute has reached approximately 15.844 billion yuan as of October 31, 2023, reflecting the significant financial stakes involved [8][11]. Previous Legal Encounters - This is not the first legal confrontation between Liang Jun and Cambrian; he has previously lost two cases regarding similar issues, with courts ruling that his claims lacked factual and legal basis [14]. - Liang Jun's current lawsuit is based on a 2019 employment intention letter, which he argues includes terms for stock incentives as part of his compensation, differing from the stockholding plan [15][16]. Company Performance Context - Cambrian has shown remarkable growth, with a third-quarter revenue of 1.727 billion yuan, a year-on-year increase of 1332.52%, and a net profit of 567 million yuan [11].