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ST Infinitech adds accumulated litigation and arbitration amount of 18.2 million yuan, representing 10.38% of absolute net assets
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Shenzhen Infotech Technology Co., Ltd. (Stock Code: 002528, Stock Abbreviation: ST Infotech (Rights Protection)) issued an announcement on March 20, 2026, disclosing the company’s and its controlling subsidiaries’ new cumulative litigation and arbitration cases, as well as the progress of previously disclosed litigation matters. The announcement shows that as of the disclosure date, the new litigation and arbitration cases involve approximately 18.2045 million yuan, accounting for 10.38% of the company’s latest audited net assets (as of December 31, 2024).
The announcement points out that among the newly added cases, the subsidiaries as plaintiffs or applicants are involved in a total amount of about 3.3495 million yuan, while the company and its subsidiaries as defendants or respondents are involved in about 14.855 million yuan. At the same time, there are no major lawsuits or arbitration cases in this disclosure where the amount involved exceeds 10% of the company’s latest audited net assets and over 10 million yuan.
Regarding the progress of previously disclosed litigation and arbitration cases, the company listed the latest developments of multiple cases, including service contract disputes, construction engineering contract disputes, sales contract disputes, and securities false statement liability disputes. Among them, the securities false statement liability dispute involves 477 investors, with an amount of 23.6228 million yuan (including two investors with unknown claimed amounts). As of the announcement date, 159 investors’ lawsuits have been judged in the first instance, requiring the company to pay 7.4224 million yuan and an appeal has been filed; 103 investors have reached a settlement, with compensation of 3.0962 million yuan; 5 investors have withdrawn their lawsuits, involving 3.568 million yuan; the remaining 210 investors’ cases have not yet gone to court, involving 7.0468 million yuan (including two investors with unknown claimed amounts).
The company stated that it will conduct appropriate accounting treatment based on accounting standards and case developments, continue to monitor the follow-up progress of the cases, actively safeguard the company’s legal rights, and strictly fulfill information disclosure obligations.
Click to view the original announcement>>
Disclaimer: The market involves risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. All information in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for accuracy. If you have questions, contact biz@staff.sina.com.cn.
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Editor: Xiao Lang Kuai Bao