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Meiyingsen: Received the notice of response to the lawsuit
Meiyingsen announced that on May 21, 2026, it received litigation documents, including a “Notice of Responding to the Lawsuit,” served by the Intermediate People’s Court of Shenzhen City, Guangdong Province.
This case is an application to set aside the arbitration award (2018) issued by the Shenzhen International Arbitration Court, titled the “Arbitration Award” No. 2269. Pursuant to the above “Arbitration Award,” Ouyang Xuan and the Tibet New World Investment Partnership (Limited Partnership) shall jointly and severally pay the company liquidated damages, lawyers’ fees, preservation fees, preservation guarantee fees, arbitration fees, and other amounts totaling RMB 30.2754 million, and the company shall pay Ouyang Xuan lawyers’ fees of RMB 1.5 million. As the above case has not yet been heard, there is uncertainty regarding the impact the case may have on the company’s profits for the current period or for future periods.