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According to the announcement, a total of 672 plaintiffs filed a lawsuit with the Guangzhou Intermediate People's Court on the grounds of securities misrepresentation liability disputes, requiring the company to assume civil liability for the above information disclosure violations. The amount claimed in the above 672 cases was RMB 87.095 million, of which the amount of the company and some of the company’s directors and senior executives was 1.982 million yuan.
On March 7 last year, Foshan Lighting was subjected to administrative punishment by the Guangdong Securities Regulatory Bureau for failing to disclose relevant information such as related parties and related transactions related to daily operations in the regular reports and interim report information in 2010 and 2011. It is also this punishment, which opened up the large-scale investors intend to seek the listing of listed companies.
Previously, the market had estimated that the amount of the claim should exceed 100 million yuan. However, it seems that the claims that Foshan Lighting has been implicated have been greatly reduced. Foshan Lighting said last night that the above-mentioned cases have entered the proceedings but have not yet begun. As the case has not been tried, it is still impossible to determine the impact of the litigation case of this announcement on the company's current profit or future profit. 
“Cash Dairy Shares†Foshan Lighting (000541) has made new progress in the case of false statement disputes. On the evening of January 8, Foshan Lighting announced that the company received the relevant legal documents of the Guangzhou Intermediate People's Court on January 7, 2014. The Guangzhou Intermediate People's Court has filed 672 persons (pieces) with the plaintiff to make a false statement. The liability dispute is a civil lawsuit filed against the company.