Remote Corporation's cumulative litigation and arbitration cases over the past twelve months involve an amount exceeding 162 million yuan, accounting for 13.79% of net assets.

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Remote Cable Co., Ltd. (stock code: 002692, stock abbreviation: Remote Shares (Rights Protection)) announced on March 26 that the cumulative amount involved in litigation and arbitration matters of the company and its controlling subsidiaries over the past twelve months is 162 million yuan, accounting for 13.79% of the company’s most recent audited net assets. The announcement also pointed out that there are no significant litigation or arbitration matters among the aforementioned cases where the amount involved in a single case exceeds 10% of the absolute value of the company’s most recent audited net assets and exceeds 10 million yuan in absolute amount.

The announcement indicates that the litigation and arbitration matters disclosed this time mainly involve the company and its subsidiaries as plaintiffs requesting the counterparty to pay overdue payments for goods. The company stated that such collection actions are beneficial for improving the company’s asset quality, financial condition, and operational performance. The company will actively protect its legal rights through legal means, strengthen the collection of accounts receivable, and reduce the impact of bad debt provisions on profits.

However, due to some cases not yet being heard or concluded, and some litigation cases not yet fully executed, the impact on the company’s current or future profits remains uncertain. The company will conduct corresponding accounting treatment based on accounting standards and actual conditions and closely monitor the progress of the cases, fulfilling its information disclosure obligations in a timely manner. As of the date of this announcement, the company has no other litigation or arbitration matters that should be disclosed but have not been disclosed.

The following are the main litigation and arbitration cases from this announcement:

In addition, the announcement also mentioned 12 other minor litigation cases involving a total amount of 27.496 million yuan, all of which are cases with amounts involved below 2 million yuan.

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Editor: Xiaolang News Report