On July 7, Hainan Ruize New Building Materials Co., Ltd. issued the latest announcement. It is an announcement on the cumulative litigation situation of the company in the first half of 2023. The
announcement shows that in order to speed up the return of the company's accounts receivable funds, improve the company's cash flow situation, and reduce the impact of the provision for bad debts of accounts receivable on the company's profits, the company's concrete plate, as the plaintiff, recovered the payment for concrete goods, totaling 41 new lawsuits, involving a total amount of 70.9891 million yuan. In the first half of
2023, the Company, as the defendant, added a total of 45 new litigation cases, mainly including construction contract disputes and sales contract disputes, involving a total amount of 35.1596 million yuan. The main contents of the cases are as follows:
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