Reclaim Construction [Image: Reclaim Construction logo] Securities Code: 002586 Securities Abbreviation: ST Weihai Announcement No.: 2026-028 Zhejiang Weihai Construction Group Co., Ltd. Announcement on the Progress of Litigation Involving a Subsidiary The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Notes:
- Litigation Stage: Final Judgment;
- Party Status of the Listed Company: The company's holding subsidiary, Zhejiang Tiantai County Weihai Construction Investment Co., Ltd., is the defendant;
- Amount Involved: RMB 58.6481 million and related interest;
- Impact on the Listed Company's Profit and Loss: For this case, the company has already accrued the aforementioned losses in the 2025 fiscal year. This judgment will not have a significant impact on the company's current profit and loss.
Zhejiang Weihai Construction Group Co., Ltd. (hereinafter referred to as "the Company")'s holding subsidiary, Zhejiang Tiantai County Weihai Construction Investment Co., Ltd. (hereinafter referred to as "Tiantai Weihai"), recently received the "Civil Judgment" ([2025] Zhe Min Zhong No. 1437) issued by the Zhejiang Provincial Higher People's Court. The relevant situation is hereby announced as follows:
I. Basic Situation of the Litigation Matter