Foshan Lighting's false statement was awarded a compensation of 25.56 million yuan

Foshan Lighting (000541) disclosed on Sunday evening that the company was sentenced to compensate the difference in investment balance, commission, stamp duty and interest to RMB 227.644 million and HKD 341.92 million in the 395 cases due to the “Disclaimer Liability Disputes on Securities”. It is about 2,802,700 yuan) and bears 463,300 yuan for the first-instance case.

From September 17, 2013 to October 21, 2015, the company received the relevant legal documents such as the “Notice of Responding to the Lawsuit” of the Guangzhou Intermediate People's Court, and the Guangzhou Intermediate People's Court accepted 2,755 plaintiffs to file a “false statement of securities”. The liability dispute is a civil lawsuit filed against the company.

The announcement stated that the losses involved in the litigation case of this announcement will have a significant impact on the company's 2015 profit.

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