Jiu Rong Holdings Faces Litigation and Bank Account Freezes

Reuters
Feb 03
Jiu Rong Holdings Faces Litigation and Bank Account Freezes

Jiu Rong Holdings Ltd. has announced that it is currently involved in five legal proceedings initiated by Hangzhou United Rural Commercial Bank Co., Ltd. against several of its subsidiaries. The cases, which have not yet been heard, involve subsidiaries including Jiang Jiu Rong Intelligent Technology Limited, Soyea Jiu Rong Technology Company Limited, Hangzhou Lu Yun Property Limited, and Jiu Rong New Energy Science and Technology Limited. The total amount involved in the litigation includes RMB 78,182,492 in one case and RMB 28,750,000 in another. The company has also disclosed that some of its bank accounts have been frozen as part of the proceedings. Jiu Rong Holdings Ltd. stated it will closely monitor the progress of the litigation and fulfill its information disclosure obligations as required by relevant laws and regulations, advising shareholders and potential investors to exercise caution when dealing in its shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jiu Rong Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260203-12010513), on February 03, 2026, and is solely responsible for the information contained therein.

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