Nanfang Co., Ltd. (600250): Litigation On Performance Compensation
Nanfang (600250) announced on the evening of July 7. On July 7, 2022, the company received the notice of accepting cases issued by the people's Court of Qinhuai District, Nanjing City [(2022) Su 0104 No. 10288]. Prior to that, on June 2, 2022, the company filed a lawsuit with the people's Court of Qinhuai District of Nanjing City on the contract dispute between the company and Confucius Temple Cultural Tourism, demanding that the Confucius Temple Cultural Tourism perform the industry performance compensation obligation.
(2) the company failed to complete the asset purchase agreement related to the sale of the company's subsidiary in 2021, The commitment party, Confucius Temple Cultural Tourism, shall remit the cash compensation of RMB 7.9552 million to the bank account designated by Nanfang Co., Ltd. within 30 days (before May 29, 2022) after the issuance of the special audit report on the actual and committed profit of 2021 of Nanjing Qinhuai Scenery Tourism Co., Ltd.
Up to now, the company has not received the performance compensation payment that should be paid by Confucius Temple Cultural Tourism. To protect the interests of all shareholders, the company launched a lawsuit to recover the interests of the company.
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