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Tinci Materials' subsidiary sues for trade secret infringement

July 2, 2025 at 05:12 PM UTCBy FilingReader AI

Guangzhou Tinci Materials Technology (SZSE:002709) announced that its wholly-owned subsidiary, Jiujiang Tinci High-Tech Materials, has initiated legal proceedings against twelve defendants for alleged trade secret infringement. The lawsuit, filed in the Jiangxi Provincial High People's Court, seeks CNY 88.71 million in economic losses, plus CNY 1.15 million in legal fees. The defendants include Zhejiang Yongtai Technology, Shaowu Yongtai High-Tech Materials, and several individuals, including former Jiujiang Tinci employees. The claim stems from the alleged unauthorized use of Jiujiang Tinci's liquid lithium hexafluorophosphate production technology in Shaowu Yongtai's CNY 13.4 million metric ton lithium salt project. The company stated that the legal action is to protect its legitimate rights and interests, and that the outcome will be disclosed in accordance with regulations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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