DCWT(03768) has been listed as the subject of enforcement measures and the company's legal representative, Zeng Feng, has been subject to restricted consumption measures.
Dianchi Water (03768) announced that the company has been listed as an executed person on the China Executive Information Disclosure Network (https://zxgk.court.gov.cn/), and (ii) the company and its legal representative, executive director, and chairman, Mr. Feng Zeng, have been subjected to restrictions on consumption measures.
DCWT(03768) Announcement: The company has been listed as an executed person on the website of the China Execution Information Disclosure Network (https://zxgk.court.gov.cn/), and the company's legal representative, executive director, and chairman, Mr. Feng Zeng, have been subject to restrictions on consumption.
According to the information disclosed on the China Execution Information Disclosure Network, the People's Court of Chenggong District in Kunming City has listed the company as an executed person in a case involving a construction contract dispute filed by the applicant Guizhou Construction Group Third Construction Engineering Co., Ltd. The company failed to fulfill the payment obligations determined by the effective legal document within the specified period (execution target: approximately RMB 20.87 million), resulting in the company being listed as an executed person. The company and its legal representative, Mr. Feng Zeng, are prohibited from engaging in high consumption and non-essential consumption behaviors such as flying first class, staying in luxury hotels, buying property, renting luxury office spaces, traveling, etc. The restriction on consumption will be lifted after fulfilling the obligations determined by the effective legal document.
The company is currently in active communication with the relevant parties regarding this case and will continue to monitor the progress. The company will fulfill its disclosure obligations in a timely manner in accordance with laws and regulations. It is clarified that this case is not related to the litigation case with Guizhou Construction Group Co., Ltd. mentioned in the company's announcement dated November 4, 2025. The company is discussing a plan with Guizhou Construction Group regarding the cash payment of related amounts.
The announcement states that the above matters will not affect the company's normal operations or have a significant impact on its core business and continuing operational capabilities. As of the date of this announcement, the company's operations are continuing as usual.
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