Lianjian Optoelectronics and its subsidiaries are involved in two lawsuits. The first instance dismissed the plaintiff's claims, and the case has entered the second instance.

MaticHoleFiller · 2026-04-10T11:45:17+00:00

Shenzhen Lianjian Optoelectronics recently announced updates on two legal cases: one case was dismissed at the first instance, and the other case has been filed at the second instance but has not yet gone to court. The company stated that the impact of the lawsuits on profits is uncertain and reminded investors to pay attention to information disclosure.

MaticHoleFiller

2026-04-10 11:45:17

Abstract generation in progress

Shenzhen Lianjian Optoelectronics Co., Ltd. (stock code: 300269, stock abbreviation: Lianjian Optoelectronics) recently released an announcement, disclosing the latest progress in two litigation matters involving the company and its subsidiaries. Among them, in one case, the court of first instance rejected all claims made by the plaintiff; the matter is currently within the appeal period. In the other case, the matter has entered the second-instance procedure; the court has filed the case but no hearing has yet been scheduled. The company stated that the specific impact of the above-mentioned litigation on the profits for this period or on profits in subsequent periods remains uncertain.

The announcement shows that Shenzhen Lianjian Optoelectronics’ company, Shenzhen Lianjian Outdoor Advertising Co., Ltd. (hereinafter referred to as “Lianjian Outdoor”), was sued as the defendant in case (2025) Yue 0306 Minchu 21309. The People’s Court of Bao’an District, Shenzhen, Guangdong Province has rendered a first-instance judgment. The plaintiff, Hunan Juyi Digital Technology Co., Ltd., brought the lawsuit over an equity transfer dispute, requesting the rescission of the equity transfer agreement for Beijing Aipu New Media Technology Co., Ltd. that was signed with Lianjian Outdoor, demanding the return of the equity transfer payment already made and the assumption of liability for breach of contract. The equity transfer agreement was signed on October 10, 2023, with a transaction price of 51.82 million yuan. After hearing the case, pursuant to relevant laws, the court ruled to dismiss all litigation claims of the plaintiff Hunan Juyi Digital Technology Co., Ltd. The case acceptance fee of 309,640.52 yuan shall be borne by the plaintiff. As of the date of this announcement, the first-instance judgment is still within the appeal period and has not yet become effective.

In the other case, (2026) Yue Minzhong 1030, Lianjian Optoelectronics, as the appellant/respondent in the appeal, filed an appeal because it was dissatisfied with the first-instance judgment (2025) Yue 03 Minchu 212 rendered by the Intermediate People’s Court of Shenzhen, Guangdong Province. The appeal concerns a lawsuit related to performance compensation brought by Xinyu Deta Investment Management Center (Limited Partnership), Taiyuan Hanchuang Century Cultural Media Center (Limited Partnership), and Xinyu Fengguang Wuxian Investment Management Partnership (Limited Partnership). Recently, the company received a written notice of second-instance civil case written proceedings from the Guangdong Higher People’s Court. The case has been filed and no hearing has yet been held. The company stated that it has conducted a comprehensive and in-depth analysis of the case with a team of professional lawyers, and will actively respond to protect its lawful rights and interests as well as its reputation.

As of the date of this announcement, Lianjian Optoelectronics has no other material litigation or arbitration matters that should be disclosed but have not been disclosed. The company will timely fulfill its information disclosure obligations in accordance with the progress of the cases. It also reminds investors to rely on the information published by the designated information disclosure media, namely “Securities Times” and “China Securities Journal,” and on the information from Juchao Information Network, and to pay attention to investment risks.

The following is an overview of the progress of the litigation matters involving Lianjian Optoelectronics and its subsidiaries:

Case Number
Party Status
Litigation Stage
Basic Situation
Judgment/Progress
—
(2025) Yue 0306 Minchu 21309
Lianjian Outdoor as defendant
First-instance judgment: within the appeal period; not yet effective
The plaintiff, Hunan Juyi Digital Technology Co., Ltd., filed a lawsuit due to an equity transfer dispute, involving an amount of 51.82 million yuan
The first-instance judgment dismissed the plaintiff’s litigation claims; the case acceptance fee of 309,640.52 yuan shall be borne by the plaintiff
（2026）Yue Minzhong 1030
Lianjian Optoelectronics as appellant/respondent
The second-instance case has been filed; no hearing has yet been scheduled
The appellant is dissatisfied with the first-instance judgment and filed an appeal concerning matters related to performance compensation
The Guangdong Higher People’s Court has filed the case; the case has not yet been heard

Click to view the full text of the announcement>>

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