The Bank of Beijing announced that, as one of the defendants, the company received a notice of response from the Suzhou Intermediate People's Court of Jiangsu Province, involving a lawsuit brought by Kangde Xin stock investors such as Hu Juling against Kangde New Composites Group Co., Ltd. over a securities misrepresentation liability dispute. The plaintiff requested the court to order the defendant Yikangde New Composite Materials Group Co., Ltd. to pay 4.139 billion yuan in infringement compensation for investment losses, and to demand joint and several liability from the Bank and other defendants. The company stated that the lawsuit has not yet been heard and will not have a substantial impact on normal operations and current or after-period profits.

The Bank of Beijing announced that, as one of the defendants, the company received a notice of response from the Suzhou Intermediate People's Court of Jiangsu Province, involving a lawsuit brought by Kangde Xin stock investors such as Hu Juling against Kangde New Composites Group Co., Ltd. over a securities misrepresentation liability dispute. The plaintiff requested the court to order the defendant Yikangde New Composite Materials Group Co., Ltd. to pay 4.139 billion yuan in infringement compensation for investment losses, and to demand joint and several liability from the Bank and other defendants. The company stated that the lawsuit has not yet been heard and will not have a substantial impact on normal operations and current or after-period profits.