Announcement on the Progress of Litigation Involving the Company and its Wholly-Owned Subsidiary
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Special Notes:
- Litigation Stage: First-instance judgment has been rendered.
- Party Status of the Listed Company and its Wholly-Owned Subsidiary: Defendant.
- Amount Involved: The first-instance judgment orders Shanxi Tongde Chemical Co., Ltd. to repay the plaintiff, Taiyuan Branch of Shanxi Bank, the outstanding loan principal of RMB 94,000,000 as of May 27, 2026, interest of RMB 792,030.56, penalty interest of RMB 1,369,345.83, compound interest of RMB 21,631.7, and penalty interest and compound interest from May 28, 2026, until the loan principal and interest are fully repaid.
- Impact on the Listed Company's Profit and Loss: This litigation judgment is a first-instance judgment. Based on the judgment, it will not have a significant impact on the company's current or future profits. Investors are advised to make decisions cautiously and be aware of investment risks.
Recently, Shanxi Tongde Chemical Co., Ltd. (hereinafter referred to as the "Company" or "Tongde Chemical"), its wholly-owned subsidiary Shanxi Tongde Blasting Engineering Co., Ltd. (hereinafter referred to as "Tongde Blasting"), and Tongde Kechuang Materials Co., Ltd. (hereinafter referred to as "Tongde Kechuang") received a "Civil Judgment" [(2026) Jin 0106 Min Chu 3363] issued by the People's Court of Yingze District, Taiyuan City, Shanxi Province. The relevant situation is hereby announced as follows: