CHINA ENERGINE (01185) reserves the right to take further legal action and will continue to assess the impact of the lawsuit on the company.
21/01/2025
GMT Eight
China EnerGine (01185) announced that regarding the appeal judgment made by the Gansu High People's Court on the breach of the loan contract of RMB 230 million, the company has recently received a ruling from the Supreme People's Court of the People's Republic of China (Supreme People's Court) rejecting the application for retrial of the appeal judgment of RMB 230 million.
Regarding the appeal judgment made by the Gansu High People's Court on the breach of the loan contract of RMB 65 million, the company's representative attended a pre-trial inquiry meeting convened by the Supreme People's Court on January 15, 2025. As of the announcement date, the company has not yet received the ruling.
At present, the company will reserve the right to take further legal actions and continue to evaluate the impact of the litigation on the company in order to protect its legitimate rights and interests. The company will inform its shareholders and other investors of any significant developments related to the above matters in a timely manner through announcements.
In addition, trading of the company's shares remains suspended.