Public Report on Non-Compete Claims

According to Red Star News, 太屋国际集团有限公司’s Pacific Housing centralized arbitration and filed lawsuits against 20 to 30 former store managers and above in 2022, claiming 500,000 yuan in compensation for violating non-compete agreements. Some employees reported that they were not provided with the full content of the non-compete agreement when signing the employee handbook. The People's Court of Chongming District, Shanghai, in related cases, ruled that employees violated the non-compete agreement, reducing the penalty from 500,000 yuan to 200,000 yuan. A company official responded that the non-compete agreement is a legally permissible reciprocal agreement.