uncharted4pccrashing| Disputes over A-share drone companies escalate, covert battles turn into overt disputes

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The secret war between drone companies has become obvious, and the confrontation between the two sides has escalated.

After the dispute over unfair competition of Yuandu Technology was accepted by the court, Yuandu Technology issued a statement again on May 10, emphasizing that it is responsible for the authenticity of all the matters mentioned earlier and bears the corresponding legal liability.

Combined with the statements of both sides, the two sides hold different views on disputes over whether the wholly-owned subsidiaries of vertical and horizontal shares forge quality inspection reports and evade administrative penalties. Zhongheng shares denied and resorted to legal channels for all allegations made by far Technology, while far Technology releasedUncharted4pccrashingMore supporting materials are available.

Distant technology makes a sound again.

Looking back on the incident, Yuandu Technology posted on its official Wechat account on May 7 that Chengdu Zongheng Dapeng UAV Technology Co., Ltd. (hereinafter referred to as "Zhongheng UAV"), a wholly owned subsidiary of Zongheng Co., Ltd., was suspected of "counterfeiting". Including suspected forgery of quality inspection reports, forgery of Yuandu Technology official seals, forgery of relevant agency statements, and so on.

On the evening of May 7, the Shanghai Stock Exchange issued a working letter of supervision to Zhongheng shares on relevant matters.

Zhongheng shares responded positively to the incident for the first time on May 9, saying that Zongheng drones have the legal qualifications to participate in government procurement activities and win bids, and there is no illegal participation in bidding. The complaint filed by Zongheng and its subsidiaries against Hebei Xiongan Yuandu Technology Co., Ltd., and Beijing Yuandu Interconnection Technology Co., Ltd. (hereinafter referred to as "Yuandu Technology") over unfair competition disputes has been accepted by the Chengdu Intermediate people's Court of Sichuan Province.

Immediately after that, Yuandu Technology "fought back" on May 10, when the company issued a further explanation on its official account on Wechat, saying that Zongheng drones forged the test report issued by the quality inspection of mechanical and electrical products in Zhejiang Province, and that there were a number of notices, such as "notification letter of the project", "decision on administrative penalty", "decision on revocation of administrative penalty" and other notices.

In a previous statement, Yuandu Technology mentioned that Zhongheng drones illegally participated in government procurement bidding projects in Chongqing, Shaoxing, Hubei and other places during the penalty period of being banned from government procurement, and were suspected of falsifying the operating data of Shenzhen DJI Innovations Technology Co., Ltd. in the Hubei project and issuing a false "small and medium-sized enterprise declaration letter" to win the bid.

In the latest statement, Yuandu Technology released more supporting materials for the above content. Yuandu Technology said that when Zhongheng UAV participated in the bidding for the project, it issued a statement to "Shenzhen DJI Innovations Science and Technology Co., Ltd." as follows: "338 employees and 3.Uncharted4pccrashing5.6 billion yuan, and undertakes that the enterprise shall be responsible for the authenticity of the above statement. If it is false, it will bear the corresponding responsibility in accordance with the law. "

At the same time, Yuandu Science and Technology further pointed out that "according to the list of China's Top 2023 Private Enterprises released by the all-China Federation of Industry and Commerce on September 12, 2023, Shenzhen DJI Innovations Technology Co., Ltd. ranked 459th with revenue of 30.14 billion yuan. According to DJI Innovations's public report in 2019, the number of social insurance is 4172, which is not a medium-sized enterprise in the SME statement letter. "

With regard to the practice that Zongheng drones still participate in bidding and win bids after being banned from government procurement, Yuandu Technology said that the company entrusted a law firm to receive a "receipt of government procurement reporting materials from the Ministry of Finance" on February 23, 2024. And will continue to take legal measures to protect their legitimate rights and interests.

Vertical and horizontal shares: the prosecution of unfair competition disputes is accepted by the court

In the same competition in the drone industry, there has been a long-standing rift between Yuandu Technology and vertical and horizontal shares. As early as in 2020 vertical and horizontal shares IPO "preparation" period, far technology has sued vertical and horizontal shares products infringement of its five patents. In June 2021, all five cases filed by Yuandu Technology were withdrawn.

With regard to the allegations made by Yuandu Technology, Li Xiaoyan, the chief executive of Zongheng shares, said in an interview with a reporter from the Shanghai Securities News on the afternoon of May 7: "Yuandu Technology directed and performed itself and fabricated false information, and the company will uphold justice through legal channels."

In a statement on May 9, Zongheng shares said that the complaint filed by the company and its subsidiaries against Hebei Xiongan Yuandu Technology Co., Ltd. and Beijing Yuandu Interconnection Technology Co., Ltd. has been accepted by the Chengdu Intermediate people's Court of Sichuan Province.

At the same time, the vertical and horizontal UAV expresses three views: first, the company has the legal qualification and bid-winning qualification to participate in government procurement activities, and there is no illegal participation in bidding. With regard to the "decision on Administrative penalty" made by the Kashgar Regional Finance Bureau, the legal procedure has been revoked by the "decision on revocation of Administrative penalty" made by the Kashgar Finance Bureau.

Second, Hebei Xiongan Yuandu Technology Co., Ltd., Beijing Yuandu Internet Technology Co., Ltd. network issued a statement of the relevant false remarks, the company according to law to obtain evidence and will take legal action to protect the legitimate rights and interests of the company and related parties.

Third, the company actively embraces industrial opportunities and healthy competition in the low-altitude economy, resolutely maintains the normal competition order of the market, defends its legitimate rights and interests in accordance with the law, and apologizes for the adverse impact of the incident.

With regard to the decision to revoke administrative punishment, "in view of the procedural defects in the handling of this case, and the illegal acts and harmful consequences are minor," Yuandu Technology said in its latest statement, "after eliminating procedural defects, a new punishment decision should be made on the basis of discretion of the Finance Department of Xinjiang Uygur Autonomous region, which is not minor. As a result, Yuandu Technology has filed administrative reconsideration and administrative litigation, which [(2024) Xin31 Xingchu No. 2] was accepted by the Intermediate people's Court of Kashgar Prefecture. "

Yuandu Technology further stated that, according to the provisions of the Administrative procedure Law, except for those involving state secrets, personal privacy and other provisions of the law, administrative cases are heard in public. If the decision on revocation of Administrative punishment is revoked after administrative litigation and administrative reconsideration, the original decision on Administrative punishment will remain in force. "

Affected by the storm, the share price of Zhongheng shares fell for three days in a row and rose on May 10, rising 1.78% on the day to close at 34.39 yuan per share.