EGing Photovoltaic reports 23 litigation and arbitration cases worth over RMB 71m

EGing Photovoltaic Technology and its consolidated subsidiaries are involved in 23 cumulative litigation and arbitration cases as of the announcement date. Seven cases have concluded, ten are in the trial phase, three are in the filing phase, and three are yet to be filed. The total amount involved across all cases is RMB 71,163,013.74, representing 14.30% of the company's net assets as of its 2024 audited financial statements.

Among these cases, EGing Photovoltaic and its consolidated subsidiaries act as plaintiffs or applicants in 10 cases, with a total amount of RMB 26,341,554.16. For cases where the company and its consolidated subsidiaries are defendants or respondents, there are 13 cases with a total amount of RMB 44,821,459.58.

The company stated that the impact on its current and future profits will depend on the final court rulings and execution amounts for cases not yet formally filed or heard. It will account for these cases according to accounting standards and relevant regulations, urging investors to be aware of investment risks.