Colorful Chemistry: Company sued for 90 million yuan for infringement of reputation rights

Rainbow Chemical announced that the company is being sued for infringement of reputation rights by Sennik Chemical Co., Ltd. The amount involved is 90 million yuan. The company stated in the announcement that the lawsuit initiated by Sennik is to protect its own legitimate rights and interests, and is a legitimate exercise of its litigation rights. The company disclosed that the lawsuit was a necessary step to protect the right of investors to be informed and to fulfill the obligations of disclosing compliance information of a listed company. The company has always adhered to the principles of objectivity, truthfulness, and accuracy, and there is no fabrication of facts or distortion of the truth. As the case has not yet been heard in court, the company cannot determine the impact on the company's current or future profits.