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Zhongjian Technology Litigation Case Second Instance Ruling Upholds the Original Judgment; Company States No Significant Impact on Operations
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Jianjian Technology Co., Ltd. (Stock code: 300777, Stock abbreviation: Jianjian Technology) released an announcement on March 25. The company disclosed that the appeal for a lawsuit involving the company has been concluded in the second instance. The Intermediate People’s Court of Changzhou City, Jiangsu Province has ruled to dismiss the appeal and uphold the original judgment. The court’s decision is final. The company stated that it will not have a major adverse impact on its ongoing operations and financial condition.
The announcement shows that this lawsuit arose from a challenge by Ms. Wen Yifang, the company’s former director, regarding the effectiveness of the resolutions of the 2024 fourth extraordinary general meeting of shareholders and the resolutions of the 18th meeting of the third session of the board of directors. In May 2025, Ms. Wen Yifang filed a lawsuit with the People’s Court of Xinbei District, Changzhou City, Jiangsu Province, arguing that the nomination, convening, and voting procedures related to the relevant meetings violated the Company Law and the Company’s Articles of Association, and requested to revoke the two resolutions mentioned above.
The case progression is as follows:
After deliberation, the Intermediate People’s Court of Changzhou City, Jiangsu Province held that Ms. Wen Yifang’s appeal requests could not be sustained. The outcome of the judgment of first instance was correct, and it should be upheld. Therefore, in accordance with the relevant provisions of the Civil Procedure Law of the People’s Republic of China, the court issued a final judgment to dismiss the appeal and uphold the original judgment. The acceptance fee for the case in the second instance, totaling RMB 80 yuan, shall be borne by the appellant, Ms. Wen Yifang.
In the announcement, Jianjian Technology emphasized that, as of the disclosure date of this announcement, the company’s production, operation, and management are normal. The progress of this lawsuit does not affect the normal conduct of the company’s daily operations, and will not have a major adverse impact on the company’s ongoing operations and financial condition. At the same time, the company stated that it will actively safeguard the legitimate rights and interests of the company and all shareholders, and will strictly fulfill its information disclosure obligations.
Click to view the full text of the announcement>>
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责任编辑:Xiao Lang Express News