Joyvio Chile subsidiary litigation updates: No impact yet

Joyvio Agriculture Development (SZSE:300268) announced updates on litigation involving its Chilean subsidiaries, Australis Seafoods S.A. and Food Investment SpA. The cases, initially filed in April 2023, concern alleged mismanagement and fraud. Chilean authorities have consolidated the investigations, with the cases now in the supplementary criminal investigation phase, following completion of the initial investigative findings hearing. Recent activity includes requests from defendants for hearings related to alleged violations in investigative procedures. Joyvio maintains that the current litigation will not have a significant impact on the company’s profit for the current or subsequent periods. The company will continue to provide updates on the litigation's progress.