Grand Sunergy Tech Co., Ltd.SSE: 603778

(603778)"GRAND SUNERGY TECH CO., LTD."Announcement on Progress of Litigation Involving Subsidiary and Receipt of Mediation Statement

· Issued by Grand Sunergy Tech Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 603778 · · 2 pages · Chinese

Summary by 6ix AI

Grand Sunergy Tech Co., Ltd. announced the progress of litigation involving its subsidiary and the receipt of a mediation statement. The company is currently in the first instance of the litigation, where a mediation agreement has been reached, but payment has not yet been made. The mediation involves a significant amount related to a contract dispute with a customer, and the company will account for the impact on its profits accordingly. The company will continue to monitor the situation and fulfill its disclosure obligations to investors.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

On 6ix: 6ix.com/news/603778grand-sunergy-tech-co-ltdannouncement-on-progress-of-litigation-involving-subsidiary-and-receipt-of-mediation-statement

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Announcement on Progress of Litigation Involving Subsidiary and Receipt of Mediation Statement

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