Furand: A holding subsidiary is involved in litigation, the first trial has been decided pending the outcome of the second trial.
Furan De Corporation announced that its holding subsidiary, Fuchain Heavy Industry, and a steel company in Hunan are involved in litigation regarding the revocation of board resolutions. In the first instance, the decision of the Fuchain Heavy Industry's first interim board meeting in 2025 was revoked. Fuchain Heavy Industry appealed on May 20, 2026, and a court hearing was held on June 18. As of the date of the announcement, the second instance judgment has not been received. This litigation does not involve a specific amount, and Fuchain Heavy Industry is not a significant subsidiary. The judgment is expected to have no significant impact on the company's operations and profits. In the past 12 months, the company and its holding subsidiaries have been involved in 7 undisclosed standard litigation cases, involving a total of 27.72 million yuan.
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