ST Minkave details ongoing litigation, arbitration matters

Shenzhen Minkave Technology (SZSE:300506) has released an announcement detailing the progress of its cumulative and major litigation and arbitration matters. The company has been disclosing these matters since April 27, 2023, in compliance with Shenzhen Stock Exchange regulations. Recent developments include ongoing arbitration with Hefei Key Construction Project Administration Bureau over construction contract disputes, involving ¥700,000, and multiple ongoing legal battles related to contract and sales disputes. A significant case involves a ¥34.09 million financial loan dispute currently under arbitration with the Shenzhen branch of the Industrial Bank. Minkave states it will account for these cases appropriately and will continue to update investors.