According to the Tefa Information announcement, the company recently received a “Criminal Judgment” issued by the Shenzhen Intermediate People's Court of Guangdong Province in response to the case where the company was fraudulent in contracts and encroached on positions due to the acquisition of Shenzhen Tefa Dongzhi Technology Co., Ltd. After being tried according to law, the defendants Chen Chuanrong, Yi Zongxiang, Liu Ying, and Wang Ling defrauded the property of SDF information through financial fraud during the signing and execution of the agreement. The actions of all four of them already constituted contract fraud; the defendants Chen Chuanrong and Liu Bing also used the convenience of their positions to illegally own the unit's property, a huge amount of money. Both of their actions constituted the crime of encroachment on duty. This criminal judgment is only a first instance judgment. The company is the victim unit. Currently, the judgment has not yet taken effect. There is still uncertainty about the final judgment of the case and subsequent execution results, and there is some uncertainty about the impact on the company's current profit and after-period profit.

According to the Tefa Information announcement, the company recently received a “Criminal Judgment” issued by the Shenzhen Intermediate People's Court of Guangdong Province in response to the case where the company was fraudulent in contracts and encroached on positions due to the acquisition of Shenzhen Tefa Dongzhi Technology Co., Ltd. After being tried according to law, the defendants Chen Chuanrong, Yi Zongxiang, Liu Ying, and Wang Ling defrauded the property of SDF information through financial fraud during the signing and execution of the agreement. The actions of all four of them already constituted contract fraud; the defendants Chen Chuanrong and Liu Bing also used the convenience of their positions to illegally own the unit's property, a huge amount of money. Both of their actions constituted the crime of encroachment on duty. This criminal judgment is only a first instance judgment. The company is the victim unit. Currently, the judgment has not yet taken effect. There is still uncertainty about the final judgment of the case and subsequent execution results, and there is some uncertainty about the impact on the company's current profit and after-period profit.