Hopewind Electric receives CNY 5.96m from litigation

Shenzhen Hopewind Electric Co., Ltd. (SSE:603063) has announced the receipt of CNY 5.964 million from Ding Wenjing, following a court ruling related to a lawsuit over the improper reduction of company shares. The Guangdong Provincial High People's Court's prior judgment mandated the payment, and Hopewind Electric has now received the funds. The company originally filed the suit in the Shenzhen Nanshan District People's Court. Hopewind Electric anticipates that the recovered funds will increase the company's current period profit by CNY 5.964 million, pending auditing confirmation. The company states that it will continue to fulfill its information disclosure obligations regarding the matter.