Song Lianmin (tel: 13115008800), director of Jiangsu Shengheng Law Firm, who has been engaged in **claim cases**, said that all shareholders who are between 2017-04-27 and 2020-04-01 *** and still hold (due in January 2025) at 2020-04-01**;Shareholders who held before 2023-05-31 and were still holding at 2023-05-31**;Shareholders who held the claim before 2023-12-13*** and still held it at 2023-12-13** can now register their claims. (The final time period shall be subject to the effective judgment of the court).
The Guangzhou Intermediate People's Court has made a judgment that the investor won the case in the first instance, and Modern Avenue should be liable for compensation for the plaintiff's losses, but ST Modern appealed, and many batches of cases have entered the second instance, and as of the date of the announcement, the second instance has not yet been heard.
In the first three quarters of 2023, Modern Avenue achieved operating income of 21.5 billion yuan, an increase of 26 percent year-on-year59%；The net profit loss attributable to shareholders of listed companies was about 55.15 million yuan, a year-on-year decrease of 22251%；Basic earnings per share loss was 00774 yuan, a year-on-year decrease of 22247%。Regarding the changes in performance, ST Modern explained that it was mainly due to the recovery of the sales market, the increase in sales revenue brought about by the year-on-year increase in product sales, and the increase in operating costs at the same time.