HANMA TECHNOLOGY lawsuit second-instance judgment: Shaoguan Ruili and others need to pay over ten million in arrears and penalties

HANMA TECHNOLOGY announced the progress of its litigation matters, stating that the second instance of its lawsuit against Shaoguan Ruili Automobile Trading Co., Ltd. and others regarding a sales contract dispute has been adjudicated. The company is the appellee, and the court dismissed the appeal, upholding the original judgment. Shaoguan Ruili is required to pay the company an outstanding amount of 11,877,436 yuan and default interest, with Zhong Huaming and Liu Daqin bearing joint and several liability. The costs related to the first and second instances will be shared as per regulations. The impact of this litigation on the company's profits is uncertain, and the company will handle and disclose it in accordance with regulations, reminding investors to pay attention to risks