Fujian Superpipe (300198.SZ) received a restriction on consumption order.

Fujian Superpipe (300198.SZ) announced that the company and some subsidiaries recently received a "Restriction on Consumption Order" issued by the Quanzhou Quangang District People's Court. The main reason for this order is a financial loan contract dispute between the company and its subsidiaries and the Industrial Bank Co., Ltd. Quanzhou Quangang Branch. The company and its subsidiaries have not fulfilled the obligations determined by the effective legal documents.