HUAJIN INTL (02738): Certain subsidiaries of the Group have become parties to a total of 53 newly initiated civil enforcement proceedings.

HUAJIN INTL (02738) announces that the board of directors of the Company has been informed that, during the period from September 16, 2026 to October 13, 2026, certain subsidiaries of the Group, namely Jiangmen Huajin Metal Products Co., Ltd. (Huajin), Jiangmen Huamu Hardware Co., Ltd. (Huamu) and Guangdong Huajin Industrial Co., Ltd. (Huajin Industrial), have become parties to a total of 53 newly initiated civil enforcement proceedings, which are being conducted in people's courts at various levels in Guangdong Province (including the People's Court of Xinhui District, Jiangmen City). These proceedings arose from commercial transactions in the ordinary course of business of the relevant subsidiaries, including procurement of raw materials and outstanding repayment obligations. Some of the applicants for enforcement are customers from whom the Group has received advance payments, while others are suppliers to whom the Group has outstanding trade payables. The Company is actively handling all relevant matters under the supervision of senior management, including maintaining regular communication with creditors to negotiate mutually acceptable repayment, settlement or restructuring arrangements. The Company is handling the relevant matters through its internal legal team to ensure compliance with applicable procedures. For the purpose of this announcement, the Company discloses the overall situation on an aggregated basis. The repayment terms of each case and the specific matters under negotiation constitute commercially sensitive information and will not be disclosed at this stage. In addition, the daily business and operations of the Group remain normal. The enforcement proceedings described in this announcement arose in connection with the daily commercial activities of the Group, and the Board considers that they do not have any material adverse impact on the overall business, operations or financial condition of the Group. The Group will continue to closely monitor any further developments of the above matters and will keep the shareholders and potential investors of the Company informed of material updates in a timely manner as and when appropriate.