Ebang International Announces Results of Mediation on a Sales Contract Dispute
24 Août 2021 - 3:00PM
Ebang International Holdings Inc. (Nasdaq: EBON, the “Company”), a
blockchain technology company, today announced the results of a
mediation related to a dispute from a sales contract with one of
its customers.
As disclosed in the Company’s recent annual
report filed with the Securities and Exchange Commission (the
“SEC”), on November 22, 2019, the Company brought a claim in the
Hangzhou Intermediate People’s Court against one of its customers
and the ultimate beneficial owner of the mining machines in
connection with its sales of 80,000 mining machines.
On August 23, 2021, an agreement between the
Company and the defendants Zhejiang Qirui Machinery Equipment Co.,
Ltd. (“Qirui”), Zhejiang Huatie Emergency Equipment Science
&Technology Ltd. (“Huatie Emergency”), and Mr. Danfeng Hu, the
President and CEO of Huatie Emergency, was reached and has come
into effect following a mediation by the court. The result of
mediation is as follows:
- All parties confirmed that the
Company has delivered 80,000 mining machines involved in this case,
of which 24,000 mining machines have been paid for. The rest of
56,000 mining machines will be paid by Niubo in the amount of
RMB272 million. On August 20, 2021, Niubo paid RMB20 million. Niubo
will pay the remaining in installments as follows: (i) RMB10
million by September 15, 2021, (ii) RMB76 million by December 31,
2021, (iii) RMB136 million by May 30, 2022, and (iv) RMB30 million
by July 31, 2022.
- If Niubo fails to make the payment
in full and on time in any such installment, the Company has the
right to directly apply to the People’s Court for enforcement of
all the outstanding payments and liquidate damages of Niubo. Kabayi
assumes joint and several liabilities for all the aforementioned
debts of Niubo.
- All parties confirmed there is no other disputes related to
this sales contract. Qirui and Niubo released and discharged the
Company of and from any and all liabilities and claims related to
the sale of the mining machines.
Mr. Dong Hu, Chairman and CEO of the Company,
commented, “According to the court's mediation statement, if the
party responsible for payment and its guarantor fully performs, the
Company will ultimately receive a total of RMB 272 million in
payment. Among them, 20 million yuan has already been received.
This not only reflects the recognition of the Company by the
market, customers, regulatory agencies and government departments,
but also reflects the Company’s management’s willingness to take
all steps necessary to safeguard the Company’s interests and our
shareholders’ rights. At the same time, the Company continues to
work hard to develop cryptocurrency exchange platforms, mining
farms and mining machines to maximize the Company's interests and
shareholders' rights well into the
future.”
About Ebang International Holdings
Inc.
Ebang International Holdings Inc. is a
blockchain technology company with strong application-specific
integrated circuit (ASIC) chip design capability. With years of
industry experience and expertise in ASIC chip design, it has
become a leading bitcoin mining machine producer in the global
market with steady access to wafer foundry capacity. With its
licensed or registered entities in various jurisdictions, the
Company seeks to launch a professional, convenient and innovative
digital asset financial service platform to expand into the
upstream and the downstream of blockchain and cryptocurrency
industry value chain. For more information, please
visit https://ir.ebang.com.cn/.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. Certain
statements contained herein are “forward-looking” statements within
the meaning of the applicable securities laws and regulations.
Generally, these statements can be identified by the use of words
such as “aim,” “anticipate,” “believe,” “commit,” “continue,”
“could,” “estimate,” “expect,” “forecast,” “intend,” “may,”
“outlook,” “plan,” “potential,” “predict,” “project,” “remain,”
“should,” “will,” “would,” and similar expressions intended to
identify forward-looking statements, although not all
forward-looking statements contain these identifying words. Such
statements are not historical facts, and are based upon the
Company’s current beliefs, plans and expectations, and the current
market and operating conditions. Forward-looking statements involve
inherent known or unknown risks, uncertainties and other factors,
all of which are difficult to predict and many of which are beyond
the Company’s control, which may cause the Company’s actual
results, performance and achievements to differ materially from
those contained in any forward-looking statement. Further
information regarding these and other risks, uncertainties or
factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. These forward-looking
statements are made only as of the date indicated, and the Company
undertakes no obligation to update or revise the information
contained in any forward-looking statements as a result of new
information, future events or otherwise, except as required under
applicable law.
Investor Relations Contact
For investor and media inquiries, please contact:Ebang
International Holdings
Inc.Email: ir@ebang.com.cn
Ascent Investor Relations LLCMs. Tina XiaoTel: (917)
609-0333Email: tina.xiao@ascent-ir.com
Ebang (NASDAQ:EBON)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Ebang (NASDAQ:EBON)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024