Hubei Feilihua Quartz Glass Co., Ltd. has received a notice of response from the Supreme People's Court, as its trade secret infringement dispute enters the retrial review stage. The retrial applicants, Wuhan Xinyouyou Optoelectronics Technology Co., Ltd., Xiao Zhengfa, and Chen Yiping, are dissatisfied with the previous final judgment made by the Supreme Court and request to revoke the original verdict and dismiss all of Feilihua's claims. The amount involved is approximately 202 million yuan. The execution of the original judgment will not be suspended during the retrial review period. The company stated that the final outcome could be either the rejection or the granting of the retrial application, and it is currently unable to accurately assess the impact on profits.
Hubei Feilihua Quartz Glass Co LtdTrade secret dispute enters retrial review; outcome uncertain, execution not suspended.
As the opposing party in the retrial, the outcome could affect its liability.