Guolian Minsheng's subsidiary appeals the lawsuit, and the court accepts the case

Guolian Minsheng (01456.HK) announced that its wholly-owned subsidiary Guolian Minsheng Underwriting and Sponsorship (formerly known as Huaying Securities Co., Ltd.) is involved in a significant lawsuit. Guolian Minsheng Underwriting and Sponsorship has received a "Notice of Case Acceptance" from the Shandong Provincial High People's Court regarding an appeal against the first-instance judgment.

This lawsuit is still pending judgment during the second instance. Guolian Minsheng has made provisions for expected liabilities based on the first-instance judgment, with the specific amount subject to the results of the annual audit by the accountants. The company's current financial condition is stable, and operations are normal. The amount involved in this lawsuit will not have a significant adverse impact on the company's current or future profits