*ST Rock Involved in Service Contract Dispute Case First Instance Judgment: Company Bears No Liability

MaticHoleFiller · 2026-03-26T00:57:31+00:00

Shanghai Guijiu Co., Ltd. (*ST Yanshi) announced on March 20 that it learned of a first-instance judgment in a service contract dispute case, confirming that the company does not need to bear any liability, and the corresponding decision does not affect the company's profits. The judgment requires another defendant to pay the plaintiff's fees, with the relevant fees to be borne by the plaintiff and other defendants in total.

MaticHoleFiller

2026-03-26 00:57:31

Abstract generation in progress

Shanghai Guijiu Co., Ltd. (Stock Code: 600696, Stock Abbreviation: *ST Yan Shi) announced on March 20th the progress of a lawsuit, disclosing that the company has received the first-instance “Civil Judgment” from the People’s Court of Kunshan City, Jiangsu Province, regarding a service contract dispute case. According to the judgment, the company is not liable, and this matter will not affect the company’s current or future profits.

The announcement shows that the plaintiff in the case is Xingchuangyi (Kunshan) Cultural Entertainment Co., Ltd., and the defendants include Shanghai Ningchuan Cultural Media Co., Ltd., *ST Yan Shi, and Shanghai Mengmeng Film and Television Media Co., Ltd. The company previously issued an “Announcement on Litigation” (Announcement No.: 2025-035) on June 25, 2025, regarding this lawsuit.

The main content of the court’s first-instance judgment is as follows: Shanghai Ningchuan Cultural Media Co., Ltd. is required to pay Xingchuangyi (Kunshan) Cultural Entertainment Co., Ltd. 5 million yuan and a penalty of 1.5 million yuan within ten days of the judgment becoming effective; meanwhile, the court dismissed the plaintiff’s other claims, including those against *ST Yan Shi. Regarding case-related costs, a total of 175,550 yuan (including 170,550 yuan for case acceptance and 5,000 yuan for preservation measures) will be borne by the plaintiff (113,250 yuan) and Shanghai Ningchuan Cultural Media Co., Ltd. (62,300 yuan).

*ST Yan Shi explicitly stated in the announcement that this judgment means the company is not liable and will not impact the company’s current or future profits.

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