1. Parties Involved in the Legal Case: (1) Xiamen Jinghua (Niuniuniu) Venture Capital Partnership Enterprise (2) Alizent Electronics Technology (Chengdu) Co., Ltd.

2. Name of the Court or Administrative Authority: Chengdu Intermediate People's Court, Sichuan Province

3. Case Numbers of the Related Legal Documents: (2026) Chuan 01 Zhi Bao 1299 and (2026) Chuan 01 Min Chu 869 No. 1

4. Date of Incident: September 7, 2026

5. Background of the Incident (Including Subject of Litigation): Alizent Electronics Technology (Chengdu) Co., Ltd. (hereinafter 'Alizent Chengdu'), a subsidiary, received an Asset Preservation Conclusion Notice and Civil Ruling from the Chengdu Intermediate People's Court, Sichuan Province, on September 7, 2026. The plaintiff, Xiamen Jinghua (Niuniuniu) Venture Capital Partnership Enterprise, applied to freeze Alizent Chengdu’s bank accounts for a period of one year, with a total amount of RMB 16,987,598.53.

6. Handling Process: The company has engaged legal counsel to handle the matter in accordance with statutory procedures.

7. Impact on Company's Financial and Business Operations and Estimated Financial Impact: Alizent Chengdu primarily operates by licensing its proprietary intellectual property (IP). Currently, there are no outstanding receivables related to such licensing activities. Therefore, this incident has no impact on the company’s overall operations. Alizent Chengdu confirms it has no creditor-debtor relationship, commercial transactions, or other legal ties with the plaintiff. The company considers this an unfounded and unjustified entanglement. Professional legal counsel has been appointed to initiate procedures for unfreezing the bank accounts.

8. Response Measures and Improvement Status: The company has engaged legal counsel and submitted a formal application for reconsideration to the court on the same day. Legal counsel will continue to manage all subsequent legal proceedings.

9. Other Matters to be Disclosed: If the entity involved is a publicly listed company or above, this matter may qualify as a significant event under Article 7, Paragraph 2, Item 2 of the Enforcement Rules of the Securities and Exchange Act, which pertains to matters having a material impact on shareholders’ rights or securities prices. However, no such material impact has been identified at this time.

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  • Source: PR Times
  • Category: News