Shirong Zhaoye announced that the company filed a lawsuit with the San Mateo County Superior Court in California for the infringement of the company's rights by former shareholder and former chairman Leung Ka-wing, suing the law to recover Leung Ka-wing's breach of duty of faithfulness and diligence, betrayed improper benefits obtained by harming the company's interests, and requested compensation for the company's losses. The admissibility court has handed down a first instance ruling on the overseas lawsuit. The plaintiff should receive compensation of US$259 million from defendant Leung Ka-wing, plus interest calculated at US$70831.81 per day starting October 30, 2023. Recently, the company received a notice of appeal against defendant Leung Ka-wing served by the attorney representing him. According to the notice of appeal, Leung Ka-wing has appealed against the first instance ruling handed down by the receiving court. The overseas lawsuit will then be appealed by the district's appellate court.

Shirong Zhaoye announced that the company filed a lawsuit with the San Mateo County Superior Court in California for the infringement of the company's rights by former shareholder and former chairman Leung Ka-wing, suing the law to recover Leung Ka-wing's breach of duty of faithfulness and diligence, betrayed improper benefits obtained by harming the company's interests, and requested compensation for the company's losses. The admissibility court has handed down a first instance ruling on the overseas lawsuit. The plaintiff should receive compensation of US$259 million from defendant Leung Ka-wing, plus interest calculated at US$70831.81 per day starting October 30, 2023. Recently, the company received a notice of appeal against defendant Leung Ka-wing served by the attorney representing him. According to the notice of appeal, Leung Ka-wing has appealed against the first instance ruling handed down by the receiving court. The overseas lawsuit will then be appealed by the district's appellate court.