Shandong Oriental Ocean faces multiple lawsuits, uncertain outcomes

Shandong Oriental Ocean Sci-Tech (SZSE:002086) is facing multiple legal challenges, including a third-party revocation lawsuit for CNY 30 million and overdue fees, which has been accepted by the Shandong Provincial People's Procuratorate. The company is also dealing with multiple batches of investor lawsuits related to alleged securities misrepresentation, with some cases settled, some appealed, and others still pending. Additionally, the company is involved in a common bankruptcy claim dispute for CNY 34 million. While the company has made provisions for potential losses, the ultimate impact on its profits remains uncertain, and outcomes will be handled according to a restructuring plan.