1. Parties to the legal case: Li Xiuqin 2. Name of the court or disposing authority: Taiwan Taipei District Court 3. Case number of the relevant document: No. 114, Zhongsu Zi, No. 112 4. Date of occurrence: 115/06/08 5. Circumstances of occurrence (including the subject of dispute): Guangfeng International Media Co., Ltd. (hereinafter referred to as Guangfeng Company), a subsidiary of our company, was previously subject to a compulsory execution application by creditor Li Xiuqin based on a promissory note ruling (face value NT$122,722,289) from the Taiwan Taipei District Court (Case No. 109, Si Piao Zi, No. 10828). Guangfeng Company had previously filed a lawsuit to confirm the non-existence of the promissory note debt. The Taiwan High Court ruled against Guangfeng Company in its appeal (Case No. 111, Zhongshang Zi, No. 703), and the Supreme Court dismissed the appeal, which became final. Subsequently, a retrial lawsuit was filed but also dismissed and finalized. Guangfeng Company then filed an objection lawsuit pursuant to Article 14, Paragraph 2 of the Compulsory Execution Act, claiming that NT$46,267,400 should be deducted from the debt stated in the aforementioned execution title, seeking confirmation of the non-existence of this portion of the debt and the cancellation of the compulsory execution procedure within this scope. This case was dismissed by the Taiwan Taipei District Court in its civil judgment No. 114, Zhongsu Zi, No. 112. 6. Handling process: Guangfeng Company will consult with its lawyers to consider filing for a retrial. 7. Impact on the company's finances and business, and estimated impact amount: Guangfeng Company has already accrued relevant litigation losses in its financial statements for the fiscal year 112 (Republic of China calendar). The outcome of this judgment has no significant impact on the company's finances and business. 8. Countermeasures and improvement status: Guangfeng Company will consult with its lawyers to consider filing for a retrial. 9. Other matters to be noted (If the subject of the event or resolution is a publicly issued company or above, this material information also meets the criteria of Article 7, Paragraph 2 of the Enforcement Rules of the Securities Transaction Act regarding matters that have a significant impact on shareholder equity or stock prices): None
FACT BOX
- Source: PR Times
- Category: News
- Dates in source: 115/06/08