Yunnan Trust sues Xiangcai Securities: New progress in the case - Yunnan High Court recognizes that the basic facts of the first instance are unclear and the laws applied are incorrect. The case has been remanded for retrial.

The Yunnan Trust vs. Xiangcai Securities case has seen new developments. According to the latest announcement from Xiangcai Securities, the civil ruling of the two cases served by the Yunnan Higher People's Court determined that the second-instance ruling of the Kunming Intermediate People's Court was revoked and remanded for retrial. Previously, Yunnan Trust sued the distribution agency Xiangcai Securities in two cases. According to the first-instance judgment, Xiangcai Securities must bear corresponding responsibilities. The Yunnan High Court believed that the first-instance court failed to clarify the basic facts and made errors in applying the law, so it ruled to revoke the first-instance judgment and remand it for retrial.