Securities Code: 000632
Securities Abbreviation: ST Sanwood
Announcement No.: 2026-89
Fujian Sanwood Group Co., Ltd.
Announcement on Major Litigation
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Special Risk Warning
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Litigation stage: Accepted for filing, not yet heard in court.
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Party status of the listed company: Defendant.
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Amount involved: Approximately RMB 21.1344 million (preliminary estimate).
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Impact on the Company's profit or loss: As of the date of this announcement, the case has not yet been heard in court, and the final outcome and its impact on the Company's current or future profits are uncertain.
Shanghai Pudong Development Bank Co., Ltd. Fuzhou Branch (hereinafter referred to as "SPD Bank Fuzhou Branch") has filed a lawsuit with the Fuzhou Taijiang District People's Court against Fujian Sanwood Group Co., Ltd. (hereinafter referred to as "the Company" or "Sanwood Group"), its holding subsidiary Fuzhou Light Industry Import & Export Co., Ltd. (hereinafter referred to as "Fuzhou Light Industry"), Chen Jian, and Liao Xinghua regarding a letter of credit dispute. The Company recently received a summons and notice to appear from the court. The case is scheduled for trial on September 8, 2026, with case number (2026) Min 0103 Min Chu No. 8453. The relevant case information is hereby announced as follows:
I. Basic Situation of the Acceptance of this Major Litigation
- Litigants
Plaintiff: Shanghai Pudong Development Bank Co., Ltd. Fuzhou Branch
Defendant 1: Fuzhou Light Industry Import & Export Co., Ltd.
Defendant 2: Fujian Sanwood Group Co., Ltd.
Defendant 3: Chen Jian
Defendant 4: Liao Xinghua