Progress Of Juster's Self-liquidation: JFT Said Juster Had Serious Violations And Liquidation Was Self-protection

Progress of Juster's self-liquidation: JFT said Juster had serious violations and liquidation was self-protection

On the afternoon of June 5, JFT Co., Ltd. responded to the "self-liquidation of Juste Electronic Technology (Dongguan) Co., Ltd.". JFT stated that the reason for the termination of the cooperation relationship with Juste was that it was found that it had serious violations, including the actual controllers Liu XX, Ge XX and others privately set up affiliated companies to raise the price of raw material purchases and sell counterfeit "JUSTFOG" registered trademark products. These behaviors violated the principle of good faith cooperation, so it decided to terminate the cooperation.

Statement:

This announcement comes from the JUSTFOG official website. The two supreme 2Firsts are only for industry research and delivery of more industry information. Readers are requested to evaluate the judgment and citation of the information and opinions in the article.

On the evening of June 3, Juste Electronic Technology (Dongguan) Co., Ltd. issued an announcement stating that due to the malicious unilateral termination of the contract and malicious arrears of payment by the original major foreign customer JFT Co., Ltd., the target company suffered a loss of more than 60 million yuan, and the target company's operation and management encountered serious difficulties, and finally decided to liquidate itself. (For details, please see the report of Two Supremes: Juste Electronic Technology (Dongguan) Co., Ltd. issued a self-liquidation announcement)

On the afternoon of June 5, JFT Co., Ltd. issued a statement on the official website of its brand "JUSTFOG" to respond to this matter. The following is an overview of the main content:

Juste's behavior constitutes defamation, and JFT will pursue its legal liability in accordance with the law.

JFT terminated its cooperation with Juste based on the discovery that Liu XX, Ge XX and other executives of Juste's actual controller privately set up affiliated companies to raise the price of raw material purchases and sell counterfeit "JUSTFOG" registered trademark products, which violated the law of good faith cooperation. The decision to terminate.

The fundamental reason for the liquidation and dissolution of Juste was that after JFT terminated its cooperation with it, it bypassed the electronic cigarette trading platform and sold counterfeit registered trademark electronic cigarettes to foreign customers. It was a self-protection behavior in the face of criminal investigation, which had nothing to do with JFT.

In order to avoid the expansion of losses of Juste's creditors, we hereby inform the majority of creditors that our company does not owe Juste's payment for goods and other cooperation funds. Please do not be deceived.