In response to the 1.5 billion yuan claim lawsuit brought suddenly by China Security, the reporter learned from China Merchants Securities that up to now, the relevant court ruled that China Merchants Securities was within the 25% range and that the investors in the CCC case were jointly and severally liable, for a total amount of 287 million yuan, and that payments have now been basically completed in accordance with the “all compensation payable” principle. According to the announcement, China Security Science and Technology received the “Notice of Acceptance” served by the Shanghai Financial Court on October 10. In this lawsuit, China Security Science and Technology claimed a total of 1.5 billion yuan from China Merchants Securities, including compensation and shares paid to investors, fines paid, and consideration for inflated valuation values.

In response to the 1.5 billion yuan claim lawsuit brought suddenly by China Security, the reporter learned from China Merchants Securities that up to now, the relevant court ruled that China Merchants Securities was within the 25% range and that the investors in the CCC case were jointly and severally liable, for a total amount of 287 million yuan, and that payments have now been basically completed in accordance with the “all compensation payable” principle. According to the announcement, China Security Science and Technology received the “Notice of Acceptance” served by the Shanghai Financial Court on October 10. In this lawsuit, China Security Science and Technology claimed a total of 1.5 billion yuan from China Merchants Securities, including compensation and shares paid to investors, fines paid, and consideration for inflated valuation values.