Beijing Capital Development discloses accumulated litigation cases

Beijing Capital Development (SSE:600376) has announced accumulated litigation and arbitration cases, totaling CNY 142.45 million and involving both the company and its subsidiaries. This total represents approximately 10.50% of the company's latest audited net assets. Of the total amount, CNY 77.79 million relates to cases where the company or its subsidiaries are plaintiffs/applicants, primarily involving disputes related to joint ventures, sales contracts for commercial housing, and lease contracts. The remaining CNY 64.67 million involves the company or its subsidiaries as defendants/respondents, mainly concerning construction contract disputes, commercial housing sales contracts, and mortgage guarantee disputes. The company stated that the impact of these cases on current and future profits remains uncertain, and shareholders should exercise caution.