Risk Warning:
- Kaidi Ecological Environment Technology Co., Ltd. (hereinafter referred to as "the Company") received the Shenzhen Stock Exchange's decision on October 28, 2020, regarding the termination of the Company's stock listing (Shenzhen Stock Exchange [2020] No. 979). The Company's stock entered the delisting transition period starting November 5, 2020, lasting for thirty trading days, with the expected last trading date on December 16, 2020.
- The Company and its subsidiaries are involved in numerous lawsuits and arbitration cases, which will adversely affect the Company's production and operational activities as well as current and future profits.
I. Debt Overdue Situation
Due to financial turnover difficulties, the Company has failed to repay certain overdue debts. The Company has disclosed the situation of overdue debts on various dates in 2018, 2019, and 2020. This announcement updates the status of the Company's overdue debts, with specific details as follows: