Disclosure of Litigation Settlement Terms for Changzhou BrightGene Biomedical Co., Ltd.
Unlock More Features
Login to access AI-powered analysis, deep research reports and more advanced features
About us: Ginlix AI is the AI Investment Copilot powered by real data, bridging advanced AI with professional financial databases to provide verifiable, truth-based answers. Please use the chat box below to ask any financial question.
Based on the public information obtained,
This case is a
According to the public reply document to the listing review inquiry, the two parties
| Settlement Terms | Specific Content |
|---|---|
Settlement Amount |
BrightGene shall pay a settlement amount of RMB 2.6 million to Aitanran |
Waiver of Trademark Rights |
Aitanran explicitly waives the right to pursue BrightGene’s use of the “Ruisheng” logo (including text, graphics, and combined forms) for its functional skin care brand prior to the signing of the agreement |
Usage Restrictions |
BrightGene shall not use the standalone “Ruisheng” logo on cosmetics |
Restrictions on the Counterparty |
Aitanran and its affiliates shall not use the standalone “Ruisheng” trademark/logo in the production, sales, or authorization of Class 3 goods (daily chemical products) |
- BrightGene has accrued a provision for litigation of RMB 2.6337 million by the end of 2024
- The actual settlement payment is RMB 2.6 million, with a small difference from the accrued provision amount
- The settlement amount accounts for 1.06%of the company’s net assets (RMB 282.3625 million), which will not have a material adverse impact on the company’s financial condition[1]
- Revoke the civil judgment of the Fengxian District People’s Court of Shanghai ((2024) Hu 0120 Min Chu No. 17058)
- Approve Aitanran’s withdrawal of the lawsuit[1]
The litigation settlement matter has been disclosed through the following channels:
- Risk factors sectionin theprospectus
- Supplementary legal opinionissued by AllBright Law Office (Shanghai)
- Reply document to the listing review inquiry letter
- Brokerage listing sponsorship letter[1][2]
[1] Supplementary Legal Opinion (II) of AllBright Law Office (Shanghai) on the Public Offering of Shares to Unspecified Qualified Investors by Changzhou BrightGene Biomedical Co., Ltd. and Its Listing on the Beijing Stock Exchange - Eastmoney.com (https://pdf.dfcfw.com/pdf/H2_AN202512021792591876_1.pdf)
[2] Reply to the Second Round of Review Inquiry Letter on the Application Documents for the Public Offering of Shares and Listing on the Beijing Stock Exchange by Changzhou BrightGene Biomedical Co., Ltd. - Eastmoney.com (https://pdf.dfcfw.com/pdf/H2_AN202512021792591872_1.pdf)
Insights are generated using AI models and historical data for informational purposes only. They do not constitute investment advice or recommendations. Past performance is not indicative of future results.
About us: Ginlix AI is the AI Investment Copilot powered by real data, bridging advanced AI with professional financial databases to provide verifiable, truth-based answers. Please use the chat box below to ask any financial question.
