Shanghai Ba'an Water Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions. Recently, the Company learned through the Taobao Judicial Auction Network Platform (https://sf.taobao.com/) that its subsidiary Kawa (Jiaxing) Environmental Technology Co., Ltd. is undergoing a judicial auction of its construction project due to a case execution. The specific situation is as follows:
300262SZSE
Announcement on the Asset Auction of Subsidiary
✨ AI Summary
Shanghai Ba'an Water Co., Ltd. announces the judicial auction of its subsidiary Kawa (Jiaxing) Environmental Technology Co., Ltd.'s construction project due to a financial dispute. The auction took place from July 16 to July 17, 2024, with a starting price of ¥42,910,000. The winning bid was ¥50,990,000, confirmed by the Jiaxing South Lake District People's Court. Investors are advised to be aware of potential risks.
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