NVC Lighting, which was suspended from August 11 last year, has reached all resumption conditions, including handling violations and informing the market about its impact on the company's financial and operating conditions; indicating that the company has established appropriate financial reporting procedures and internal control systems to Comply with its obligations under the Listing Rules; disclose the results of the legal review and internal regulatory review, and address the issues identified; and, if necessary, conduct further investigations/reviews covering the appropriate scope; and communicate all relevant information to the market.
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Among them, it deals with the “violation situation†that Wu Changjiang allegedly entered into the pledge and guarantee agreement and the so-called license agreement and the fund freezing and withdrawal according to the so-called agreement. In this regard, the company has removed Wu's various positions in the NVC group, and no longer has any duties, filed a lawsuit against Wu, and communicated with the other three parties in the so-called 20-year license agreement.
In terms of potential maximum credit risk, the company has raised a total of 285 million yuan in 2014 for 14 so-called pledges and guarantee agreements. In addition, potential losses include a loss of approximately RMB 265.5 million if it cannot recover any money from Wu and Wuji; and if CCB’s claim wins, CCB’s claim against NVC China will result in an interest loss of approximately RMB 60 million.
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Jiangmen Liangtu Photoelectric Technology Co., Ltd. , https://www.liangtulight.com