Announcement on Progress of Major Litigation Involving the Company and Its Subsidiaries
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or material omissions.
Key Information Highlights:
Case One:
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Litigation Stage: First instance.
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Party Status of the Company and Subsidiary: Changxing County Lanyang Urban Construction Co., Ltd. is the defendant; Xingyuan Environment Technology Co., Ltd. is the third party.
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Amount Involved: RMB 11.78 million.
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Impact on Company's Profitability: This case has not yet been heard, and the impact of this litigation on the company's financial status, current period profit, or subsequent period profit cannot be assessed at this time.
Case Two:
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Litigation Stage: Enforcement.
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Party Status of the Company's Subsidiary: Zhejiang Xingyi Ecological Environment Engineering Co., Ltd. is the party subject to enforcement.
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Amount Involved: RMB 6.91 million.
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Impact on Company's Profitability: According to the "Enforcement Ruling," the 90% equity held by the party subject to enforcement, Zhejiang Xingyi Ecological Environment Engineering Co., Ltd. (formerly known as Hangzhou Zhongyi Ecological Environment Engineering Co., Ltd.), in Ningguo City Shanshui Rongcheng Construction Co., Ltd. will be auctioned.