Shanghai Guijiu: Involved in a first-instance judgment of a financial loan case amounting to 50.2968 million

Shanghai Guijiu Co., Ltd. announced the progress of a lawsuit. The company is the defendant in a financial loan contract dispute case against Guizhou Bank Renhuai Branch and Guizhou Gaojiu Industry, with an amount involved of 50.2968 million yuan. Recently, the company received the first-instance "Civil Judgment" and "Execution Ruling." The judgment requires Defendant One to pay the plaintiff 50 million yuan in loans and corresponding interest, while Defendant Two bears joint liability. The plaintiff has priority rights to the proceeds from the auction or sale of the mortgaged real estate of Defendant One, and the case acceptance fees will be borne by both defendants. The execution ruling continues to seal part of the base liquor of the executed party for two years. The company has confirmed the loan principal and accrued interest, and there is a risk of the real estate being auctioned or sold, making it temporarily impossible to estimate the impact on profits