Xinghui Shares announced that the company has been removed from the list of dishonest judgment debtors. The dispute between the company and seven plaintiffs including Sun Caijin and Zhu Jiajia has been ruled by the Guangdong Provincial Higher People's Court to be remanded for retrial, and the execution of the original judgment has been suspended. The consumption restriction measures against former legal representative Xie Xiaohua have also been lifted. The company had already made corresponding provisions for expected liabilities in the earlier period, and this removal from the list will not have a material adverse impact on daily operations, but the outcome of the retrial remains uncertain.
Guangdong SACA Precision Manufacturing Co LtdRemoval from dishonest debtor list is positive, but retrial outcome uncertain, so impact is ambiguous.
