The retrial review of the 1294 60,000 yuan lawsuit of CITS United has ended, and the investors clai

Mondo Finance Updated on 2024-03-08

Produced by Radar Finance and Economics Lei Zhu Bar |Wu Mo edsDeep sea

On March 5, CITS jointly issued an announcement on the progress of the litigation on the receipt of the retrial "Civil Ruling".

Recently, CITS United received the Civil Ruling [(2023) Su Min Shen No. 4023] issued by the Jiangsu Provincial High People's Court (hereinafter referred to as the "Jiangsu Provincial High Court").

Applicant (plaintiff of first instance, appellant of second instance): Sun Guiyun; Respondent (defendant of the first instance, appellee of the second instance): CITS Cultural Investment Group Co., Ltd. *** Third party of the original trial: Nanjing Tangshan Construction Investment and Development ***

On November 21, 2019, the company received the relevant litigation documents and evidence materials from the Jiangning District People's Court of Nanjing City, Jiangsu Province (hereinafter referred to as the "Jiangning Court") to sue the company for the equity transfer dispute between Nanjing International Travel Service and Tangshan Hot Spring Development, and the plaintiff put forward the following claims: 1The company was ordered to return the contract money 1171 to the plaintiff Sun Guiyun60,000 yuan; 2.The company was ordered to pay the plaintiff Sun Guiyun for the loss of capital occupation (1171.).60,000 yuan as the base, according to the 6% annual interest rate standard, from September 4, 2017 to the date of actual return, temporarily calculated as 1.13 million yuan) loss of attorney fees of 100,000 yuan; 3.The company was ordered to bear all the litigation costs of the case.

On November 12, 2020, the company received the Civil Judgment [(2019) Su 0115 Min Chu No. 14289] issued by the Jiangning Court on November 7, 2020, which rejected the plaintiff Sun Guiyun's litigation claim, and the case acceptance fee was 99,476 yuan, which was borne by the plaintiff Sun Guiyun. (For details, please refer to the Announcement No. 2020-061 of the Announcement No. 2020-061 disclosed by the Company on November 16, 2020).

On November 19, 2021, the Company received the Civil Judgment [(2021) Su 01 Min Zhong No. 1104] rendered by the Nanjing Intermediate People's Court on November 12, 2021, which rejected the appeal and upheld the original judgment; The second-instance case acceptance fee is 9950,000 yuan, borne by Sun Guiyun; This judgment is final.

In the case of an equity transfer dispute between Sun Guiyun and CITS Cultural Investment Group Co., Ltd., the applicant filed a retrial with the Jiangsu Provincial High Court because he was dissatisfied with the (2019) Su 0115 Min Chu No. 14289 civil judgment rendered by the Jiangning District People's Court of Nanjing Municipality and the (2021) Su 01 Min Zhong No. 1104 civil judgment rendered by the Nanjing Intermediate People's Court. The request for retrial is:1revoke the (2019) Su 0115 Min Chu No. 14289 Civil Judgment rendered by the Nanjing Jiangning District People's Court and the (2021) Su 01 Min Zhong No. 1104 Civil Judgment rendered by the Nanjing Intermediate People's Court, and reject the respondent's litigation claim; 2.The costs of the first and second instance of this case shall be borne by the respondent.

According to the Civil Ruling [(2023) Su Min Shen No. 4023] issued by the Jiangsu Provincial High Court, in accordance with the first paragraph of Article 215 of the Civil Procedure Law of the People's Republic of China and the second paragraph of Article 393 of the Interpretation of the Supreme People's Court on the Application of the Civil Procedure Law of the People's Republic of China, the ruling is as follows: Sun Guiyun's application for retrial is rejected.

CITS United said that the result of this ruling has no impact on the company's current or future profits.

It is worth noting that on December 21, 2023, CITS jointly announced that the company was filed by the China Securities Regulatory Commission on December 21, 2023 due to the company's suspected illegal information disclosure.

In this regard, Wu Lijun, a lawyer specializing in claims at Shanghai Haihui Law Firm, told Radar Finance that according to the ** Law and relevant regulations, if the misconduct of a listed company causes losses to investors, the injured investors can claim compensation in accordance with the law. Investors who hold CITS United** on December 21, 2023** can sign up for a claim. Please pay attention to the official account for registration"Let's help"(Lei Zhu Code: 01) participate in rights protection, no cost before compensation.

Tianyancha shows that CITS United is located in Nanchang City, Jiangxi Province, with a registered capital of 50.5 billion yuan, paid-in capital of 90 million yuan, and has completed mergers and acquisitions in 2018.

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