The Company settles lawsuit with Wafer Works Corporation
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Today's Information
Provided by: United Renewable Energy Co., Ltd.
SEQ_NO
1
Date of announcement
2022/08/18
Time of announcement
22:07:04
Subject
The Company settles lawsuit with Wafer Works Corporation
Date of events
2022/08/18
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/08/18
2.Company name:United Renewable Energy Co., Ltd.
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):head office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:The Company's dispute with Wafer Works
Corporation regarding fulfillment of wafer purchasing contract.
Wafer Works Corporation initiated litigation proceedings against
the Company, and claims compensation by the Company.
6.Countermeasures:The Company settles lawsuit with Wafer Works Corporation.
And details of settlement are confidential
7.Any other matters that need to be specified:
The allowance for litigation loss will be reversed this quarter
