Lontrue faces investor lawsuit alleging false securities statements

Lontrue Co., Ltd. (SZSE:300175) announced that it has been named as a defendant in a lawsuit filed by six individual investors with the Qingdao Intermediate People's Court. The plaintiffs allege that Lontrue made false statements in its 2019 annual report and corrected disclosures, leading to investment losses. The total amount claimed by the plaintiffs is approximately CNY 39,800. The court has accepted the case, but a hearing has not yet been scheduled. Lontrue stated that it is currently unable to determine the potential impact of the litigation on its current or future profits. The company will continue to monitor the situation and fulfill its information disclosure obligations.