Hong Rida: Lost the first instance trial and plans to file an appeal with the Intermediate People's Court of Suzhou, Jiangsu Province, in accordance with the relevant matters specified in the judgment document.

K-LinePoet · 2026-03-28T09:23:57+00:00

Hongrida Announcement: In the case of contractual disputes with Liu Jinxiao and Liu Weixing, the Kunshan People's Court's first-instance judgment requires the company to pay Liu Jinxiao a profit share of 133,900 yuan for 2022 and 498,200 yuan for 2023; and to pay Liu Weixing a profit share of 39,974.5 yuan for 2022 and 148,700 yuan for 2023. The company disputes some of the factual findings and legal applications in this judgment and plans to file an appeal with the Suzhou Intermediate People's Court in Jiangsu Province.

K-LinePoet

2026-03-28 09:23:57

Hongrida Notice: In the contract dispute case between the company and Liu Jinxiao and Liu Weixing, in the court of first instance, the Kunshan People’s Court ruled that the company must pay Liu Jinxiao the 2022 profit amount of 133,900 yuan and the 2023 profit amount of 498,200 yuan; and pay Liu Weixing the 2022 profit amount of 39,974.5 yuan and the 2023 profit amount of 148,700 yuan. The company has objections to some findings of fact and the application of law in the judgment and plans to file an appeal with the Suzhou Municipal People’s Court of Jiangsu Province.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.