300385SZSE
🚨 Material Event

Announcement on Major Litigation of Wuxi Snow Wave Environmental Technology Co., Ltd.

ST Xuelang Co., Ltd.··6 pages

✨ AI Summary

Wuxi Snow Wave Environmental Technology Co., Ltd. announces three major lawsuits filed by China Everbright Bank Wuxi Branch. The total amount involved is RMB 201,222,570.14, excluding interest and penalties. The company is the defendant in all cases. The impact on current or future profits is currently undetermined and will be subject to the annual auditor's opinion.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

CECM 浪环境

Securities Code: 300385

Securities Abbreviation: ST Xue Lang

Announcement No.: 2026-060

Wuxi Snow Wave Environmental Technology Co., Ltd.

Announcement on 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:

  1. Litigation (Arbitration) Stage: Not yet heard in court.

  2. Party Status of the Listed Company: Defendant.

  3. Amount Involved: A total of RMB 201,222,570.14 (excluding the interest and penalties listed in the litigation request).

  4. Impact on the Company's Profit or Loss: As this case is in the pre-trial stage, it is currently impossible to determine whether the judgment will affect current or future profits. The final impact will be subject to the opinion of the annual auditing institution.

I. Basic Situation of the Current Litigation

Wuxi Snow Wave Environmental Technology Co., Ltd. (hereinafter referred to as "the Company"), Wuxi Kangwei Conveying Machinery Co., Ltd. (hereinafter referred to as "Kangwei Conveying"), and Wuxi Snow Wave Conveying Machinery Co., Ltd. (hereinafter referred to as "Snow Wave Conveying") recently received a summons and a civil complaint from the People's Court of Liangxi District, Wuxi City (hereinafter referred to as "Liangxi Court"). It is learned that China Everbright Bank Co., Ltd. Wuxi Branch (hereinafter referred to as "the Plaintiff") has filed a lawsuit with the Liangxi Court due to a dispute over a financial loan contract.

The basic situation reflected in the litigation materials is as follows:

(I) Litigation One

  1. Litigants

(1) Plaintiff: China Everbright Bank Co., Ltd. Wuxi Branch

(2) Defendant: Wuxi Snow Wave Environmental Technology Co., Ltd., Wuxi Kangwei Conveying Machinery Co., Ltd.

  1. Plaintiff's Litigation Request

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.