"The defense of Wu Changjiang's father-in-law, guarantee the debts of the company litigation

Aastocks network NVC announced in July received the Chongqing first intermediate people's court indictment, refers to the company and the bank signed a guarantee agreement, and as a guarantor of the West Bank en Wei owed several debt responsibility (refer to guarantee amount up to 35 million 500 thousand yuan).

The company is a director of the company and has been a director of the company for the past 12 months, as a result of Wu Changjiang's signing of the security agreement. Wu Changjiang is a director of the company's father-in-law Wu Xianming has 40% stake in the company.

But the company reiterated that the security agreement did not know, the board is not aware of it to sign a security agreement whether there is justification for a fair and reasonable, Wu Changjiang has not adequately explained to the board of directors provide relevant security agreement with the overall interests of the company or its shareholders.

The company is currently the guarantee agreement may influence (including the law) to seek legal advice and enforce the security agreement terms and is on the banks mentioned in the Chongqing first intermediate people's court, the procedure of defense.

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