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COOLPAD GROUP LIMITED ბݼණྠϞࠢʮ̡
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 2369)
vOLUnTARy AnnOUnCEMEnT
RECEnT DEvELOPMEnT OF LAWSUIT InITIATED By THE GROUP
This announcement is made by Coolpad Group Limited (the "Company", together with its subsidiaries, the "Group") on a voluntary basis.
References are made to the announcements of the Company dated 26 January 2018 and 4 May 2018 (the "Announcements") in relation to the lawsuit (the "Lawsuit") for three invention patents disputes among Yulong Computer Telecommunication Scientific (Shenzhen) Co., LTD. ("Shenzhen yulong"), a subsidiary of the Company, Xiaomi Telecom Technology Co., Ltd. (ʃϷஷৃҦஔϞࠢ ʮ̡) ("Xiaomi Telecom") and other Defendants, initiated by Shenzhen Yulong to the Court, one of which invention patents was named "Terminal and processing method for new event of application program" (၌ձᏐ͜ҏٙอԫٙஈଣ˙ج) with patent number of ZL201210250264.3 (the "Patent"). Unless the context otherwise requires, the capitalised terms used herein shall have the same meanings as defined in the Announcements.
The Company has recently received a notice from Shenzhen Yulong that on 9 November 2018, the Patent Reexamination Board of the China National Intellectual Property Administration (the "PRB") issued a reexamination decision (the "Decision") to affirm the Parent to be valid in part in respect of the request for invalidation of the Patent submitted by Xiaomi Telecom to the PRB.
As of the date of this announcement, the Cases are accepted and pending. As advised by the Company's PRC legal advisers, the Company believes that the Decision of the PRB has provided favorable evidence for Shenzhen Yulong in the trial of the Cases in the future.
The Company will make further announcement in due course to inform the shareholders of the Company of the progress.
Shareholders and potential investors of the Company should exercise caution when dealing in the shares of the Company.
By order of the Board
Coolpad Group Limited
Jiang Chao
Vice Chairman
Chief Executive Officer
Hong Kong, 13 November 2018
As at the date of this announcement, the executive Directors are Mr. Jiang Chao, Mr. Leung Siu Kee, Mr. Lam Ting Fung Freeman and Mr. Liang Rui; the non-executive Director is Mr. Ng Wai Hung; the independent non-executive Directors are Dr. Huang Dazhan, Mr. Xie Weixin and Mr. Chan King Chung.