Nanjing Surveying and Mapping Institute Co., Ltd. (referred to as "Surveying and Mapping Co., Ltd.") issued a major lawsuit announcement on November 18th. The company received a response notice and civil ruling from Jianye District People's Court in Nanjing, Jiangsu Province on November 17th. It was sued for a dispute with the original equity transferor over the acquisition of the remaining 30% equity of Jiangsu Yitu Geographic Information Technology Co., Ltd. (hereinafter referred to as "Yitu Dixin"), with a total amount of 64.8 million yuan involved. As of the disclosure date of the announcement, the court has accepted the case but has not yet held a formal hearing.
According to the announcement, the plaintiffs in this lawsuit are Xiong Yan, Yuan Zhihe, and Yangzhou Yitu Management Consulting Center (Limited Partnership), with Yitu Dixin as the third party. The case originated from the equity transfer agreement signed between the company and the plaintiff in May 2021 regarding Jiangsu Yitu Geographic Information Technology Co., Ltd. At that time, the company acquired 70% of Yitu Dixin's shares through equity transfer and became its largest shareholder. The plaintiff now requests the company to acquire the remaining 30% equity of Yitu Dixin at a valuation of 216 million yuan in accordance with the relevant terms of the agreement.
The lawsuit request shows that the plaintiff requests the company to pay equity transfer fees of RMB 28751351, RMB 28751351, and RMB 7297298 to Xiong Yan, Yuan Zhihe, and Yangzhou Yitu Management Consulting Center respectively, totaling RMB 64.8 million; At the same time, the company is required to assist in handling the registration of equity changes, transfer the 30% equity of Yitu Dixin held by the plaintiff to the company's name, and bear all litigation costs.
After accepting the case, the court has ruled to freeze the company's deposits worth 64.8 million yuan or to seal or seize corresponding assets based on the plaintiff's application. However, as of the disclosure date of the announcement, the company has not actually frozen or seized any assets.
Surveying and Mapping Corporation stated that the specific impact of this lawsuit on the company's current and future profits is currently unpredictable, and the company's production and operation are normal. The company will continue to follow up on the progress of the case, safeguard its legitimate rights and interests in accordance with the law, and fulfill its information disclosure obligations in a timely manner based on the progress of the litigation. In addition, as of the disclosure date of the announcement, the company has accumulated a total of approximately 46.427 million yuan in other small litigation matters that do not meet the disclosure standards within 12 consecutive months, mainly involving business contract disputes.
The specific amount requested by the plaintiff in the lawsuit is as follows:
The company reminds that the specific situation of this case shall be subject to the final facts and judgment of the court. Investors are advised to invest rationally and pay attention to risks.
