Dong Yi Ri Sheng discloses increased litigation, arbitration

Dong Yi Ri Sheng Home Decoration Group (SZSE:002713) revealed that the total amount involved in newly added litigation and arbitration cases has reached approximately RMB 1,751.23 million. The amount exceeds 10% of the company’s latest audited net assets. However, the company clarifies that each case involves less than RMB 10 million. The company states that there are no other unrevealed litigation or arbitration matters at present. The impact on current and future profits remains uncertain, as the cases are in preliminary stages. The company assured it will handle the accounting treatments appropriately and comply with disclosure requirements.