13 unchanged sentences
Discovery is continuing.
+Added: Court issued a Status Conference Order (the “Order”) dated April 15, 2024.
+Added: According to the Order, the Court ordered that
+Added: the Company has failed to appear and is in default, and that pursuant to the warning given in the Court’s order dated March 22,
+Added: 2024, the Company’s default renders its answer subject to being stricken, and accordingly the answer of the Company was stricken.
+Added: On April 18, 2024, FT Global filed a notice of motion for default judgment against the Company.
+Added: By an order dated August 20, 2024, the
+Added: Court granted the plaintiff’s default motion on the issue of liability, with damages to be determined by a referee.
+Added: then moved to vacate the order dated August 20, 2024, but the Court denied the Company’s motion on November 1, 2024, stating that
+Added: the excuse proffered by the Company as to the reason it did not retain counsel in a timely fashion was not sufficient.
+Added: In November 2023, an individual
+Added: plaintiff involved in a civil loan dispute filed a lawsuit against the defendants including Tengsheng Paper and Jie Ping, who served as
+Added: the executive director and the legal representative of Tengsheng Paper, at the Lianchi District People’s Court of Baoding City,
+Added: China (the “PRC Court”).
+Added: On December 1, 2023, the plaintiff sought property preservation measures, requesting the PRC Court
+Added: to freeze RMB6.70 million worth of bank deposits held by Jie Ping and Tengsheng Paper.
+Added: Following this request, on the same day, the PRC
+Added: Court issued a ruling to immediately freeze the RMB3.35 million worth of bank deposits of Jie Ping and Tengsheng Paper.
+Added: On June 14, 2024,
+Added: the PRC Court ordered the defendants to repay the principal of the loan in the amount of RMB3,320,000 to the plaintiff, and Tengsheng
+Added: Paper was jointly liable for repayment.
The ultimate resolution
9 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.