Securities Code: 002360
Securities Abbreviation: ST Tongde
Announcement No.: 2026-078
Shanxi Tongde Chemical Co., Ltd.
Announcement on Company and Wholly-Owned Subsidiary Receiving "Execution Ruling"
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
Special Notes:
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Stage of the case: Termination of this execution
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Status of the listed company and its wholly-owned subsidiary: Obligor
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Impact on the listed company's profit and loss: After the termination of this execution procedure, if the applicant discovers assets of the obligor that can be executed, they may re-apply for execution; the obligor also has the obligation to continue to perform the debt obligations of this case. Due to the uncertainty of the execution result, the final outcome will be subject to the actual court execution result. The Company will fulfill its information disclosure obligations in a timely manner according to relevant regulations based on the progress of this case. Investors are advised to pay attention to investment risks.
I. Basic Situation of the Litigation Matter
Shanxi Tongde Chemical Co., Ltd. (hereinafter referred to as "Tongde Chemical" or "the Company"), its wholly-owned subsidiary Tongde Kechuang Materials Co., Ltd. (hereinafter referred to as "Tongde Kechuang"), and Shanxi Tongde Blasting Engineering Co., Ltd. (hereinafter referred to as "Tongde Blasting") received a summons from the Shanghai Pudong New Area People's Court on September 22, 2025, regarding a financing lease contract dispute with Changjiang United Financial Leasing Co., Ltd. (hereinafter referred to as "Changjiang Leasing") [ (2025) Hu 0115 Min Chu No. 111045] and other relevant legal documents. The case was heard on November 10, 2025. Please refer to the "Announcement on the Litigation Matter of the Company and its Wholly-Owned Subsidiary" (Announcement No.: 2025-104) disclosed by the Company on September 23, 2025.
Subsequently, the Shanghai Pudong New Area People's Court issued a "Civil Judgment" [(2025) Hu 0115 Min Chu No. 111045] and a "Civil Ruling" [(2025) Hu 0115 Min Chu No. 111045-1] to the Company and its wholly-owned subsidiaries Tongde Kechuang and Tongde Blasting. The first-instance judgment ordered Tongde Kechuang Materials Co., Ltd. to pay the plaintiff Changjiang United Financial Leasing Co., Ltd. rent of RMB 72,949,662.50, a purchase option price of RMB 100, overdue interest as of January 10, 2025, of RMB 1,205,074.15, and overdue interest from November 11, 2025, until the actual payment date.