CECM Snow Wave Environment
Announcement Number: 2026-058
Wuxi Snow Wave Environment 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 are no false records, misleading statements, or major omissions.
Key Information Prompt:
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Litigation (Arbitration) Stage: First-instance judgment (not yet effective)
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Party Status of the Listed Company: Defendant
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Amount Involved: RMB 14,291,008.21 (This is the amount involved in the first-instance judgment, but it does not include the "late penalty interest from June 19, 2026, until the actual payment date" clearly stated in the first-instance judgment.)
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Impact on the Company's Profit and Loss: This litigation is in the first-instance judgment stage, and the appeal period is still open. The final outcome and the impact on the company's current or subsequent profits are uncertain. The company will make corresponding accounting adjustments based on the progress of the case and the requirements of accounting standards.
I. Basic Situation of the Litigation Involved
Wuxi Snow Wave Environment Technology Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Announcement on Major Litigation of the Company" (Announcement Number: 2026-024) on the GEM designated information disclosure website Juchao Information Network on March 24, 2026. The announcement detailed the relevant situation of the lawsuit filed by Agricultural Bank of China Co., Ltd. Wuxi Binhu Branch against Wuxi Binhu District People's Court (hereinafter referred to as the "Binhu Court") due to a financial loan contract dispute. For details, please refer to the above announcement.
II. Judgment Situation of the Litigation Involved