Cambrian (688256.SH) issued a notice stating that it had been served with the "Statement of Complaint" filed by Liang Jun against the company. This legal document was delivered by the People's Court of Haidian District, Beijing. In his complaint, Liang Jun is petitioning the court to officially recognize the existence of a labor relationship between himself and Cambrian spanning from October 18, 2017, to February 10, 2022. Furthermore, he is seeking compensation from the company for losses incurred due to unfulfilled equity incentives, with the claimed amount reaching a staggering 4.287 billion yuan. At present, the case has successfully completed the filing and acceptance procedures. However, the actual hearing of the case has not yet begun. In anticipation of and in response to this legal challenge, Cambrian has retained the services of a professional legal team. This team will conduct a thorough analysis of the case, formulate compelling arguments, and actively participate in the legal proceedings to present the company's defense. Cambrian has also clarified in its statement that, based on current assessments, the ongoing legal dispute is not anticipated to have an impact on the company's profits for the current period. Nonetheless, the potential influence on subsequent profits will be subject to a more detailed evaluation, which will hinge on the final judgment handed down by the court.
