002264SZSE
🚨 Material Event

Announcement on Litigation Progress

New Huadu Technology Co., Ltd.··2 pages

✨ AI Summary

This announcement details the second-instance judgment regarding a land use rights dispute. The company lost its appeal, with the court upholding the original ruling that the company must compensate the Sanming City Shaxian District Natural Resources Bureau for expected profit losses of RMB 45 million. The company had already provisioned for this amount, so it will not impact current or future profits. The company plans to apply for a retrial.

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Full Translation

AI Translation· gemini_document

Announcement Number: 2026-033

New Hope Technology Co., Ltd.

Announcement on Litigation Progress

The Company and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

Special Notes:

  1. Litigation stage: Second-instance judgment

  2. Party status of the listed company: Appellant

  3. Amount involved: RMB 45 million and RMB 26,680 for case acceptance fee

  4. Impact on the listed company's profit and loss: The company had previously made a provision for estimated liabilities of RMB 45.2668 million based on the prudence principle. This judgment will not affect the company's current or future profits. The final impact on the company will be subject to the execution results and the data confirmed by the auditor.

This is a second-instance judgment. The company will continue to protect the legitimate rights and interests of the company and its shareholders through legal channels such as applying for a retrial to the Fujian Provincial Higher People's Court. The final outcome of the case is uncertain. The company will fulfill its information disclosure obligations in accordance with the law based on the progress of the case. Investors are advised to pay attention to investment risks.

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