CECM Snow Wave Environmental
Announcement Number: 2026-057 Wuxi Snow Wave Environmental Technology Co., Ltd. Announcement on the Progress of Major Litigation of the Company
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there is no false record, misleading statement, or major omission.
Key Information Prompt:
- Litigation (Arbitration) Stage: First Instance Judgment (Not yet effective)
- Party Status of the Listed Company: Defendant
- Amount Involved: RMB 81,034,420.22 (This is the amount involved in the first instance judgment, but does not include the "overdue penalty interest and compound interest from February 28, 2026, to the date of actual payment" clearly stated in the first instance judgment.)
- Impact on the Company's Profit and Loss: This lawsuit is in the first instance judgment stage, and the appeal period is still pending. The final outcome and its impact on the company's current or subsequent profits are uncertain. The company will make corresponding accounting treatment according to the progress of the case and the requirements of accounting standards.
I. Basic Situation of the Litigation Involved
Wuxi Snow Wave Environmental Technology Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Announcement on Major Litigation of the Company" (Announcement Number: 2026-024) on the designated information disclosure website of the ChiNext, Juchao Information Network, on March 24, 2026. The announcement concerned the lawsuit filed by the Wuxi Binhu Branch of China Agricultural Bank Co., Ltd. against the Company for financial loan contract disputes in the People's Court of Binhu District, Wuxi City (hereinafter referred to as the "Binhu Court"). Please refer to the above announcement for details.
II. Judgment Situation of the Litigation Involved
The Company received the "Civil Judgment" [(2026) Su 0211 Min Chu 3763] issued by the Binhu Court today. The judgment is as follows: