Guangfeng Technology related personnel respond to the GDC Hong Kong arbitration case: Malicious lawsuits causing operational disruptions.
GDC Technology Limited's subsidiary, ESPEDEO HOLDINGS LIMITED, has filed an arbitration claim against Hong Kong Light Peak with the Hong Kong International Arbitration Center, seeking a claim amount of no less than 3.1671 million US dollars. In response to this matter, Light Peak Technology stated that this arbitration will not have a significant adverse impact on the company's ongoing operations, nor will it disrupt current business activities. The company has formed a team of professional lawyers to actively defend against the claim and will vigorously protect its own and all shareholders' legal rights through legal means. As the case has not yet entered the formal trial stage, the ultimate impact will be determined by the arbitration ruling or a negotiated result between the parties.
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