Bosch: The company is facing a major lawsuit with an amount involved of approximately 169 million yuan.
Bosch announced that the company has filed a lawsuit against Shengxin Asset Management Co., Ltd. of Huayuan County, Hunan Province, for a contract dispute in the Intermediate People's Court of Xiangxi Tujia and Miao Autonomous Prefecture, Hunan Province, involving an amount of 168,903,523.54 yuan. The company is the plaintiff, and the defendants include the Management Committee of Hunan Xiangxi National Agricultural Science and Technology Park, Huayuan Guosheng Asset Management Co., Ltd., and Hunan Huayuan Shiba Dong Development Group Co., Ltd. The case has been accepted and scheduled for trial, but has not yet been heard. The parties are planning to sign a mediation agreement. The mediation agreement has not yet been signed and become effective; the specific terms will be based on the civil mediation agreement issued by the court. The impact of this lawsuit on the company's current or future profits cannot be determined at this time.
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