NU ENVIRO Subsidiary Receives Civil Judgments from High Court Regarding Legal Proceedings

Stock News04-13

NU ENVIRO (00436) has announced that, as previously disclosed in the company's February 7, 2023 announcement, the plaintiffs were dissatisfied with the court's initial ruling and each submitted civil appeals dated January 29, 2023, along with acknowledgment of service receipts issued by the court on February 2, 2023. The subsidiary has now received two civil judgments from the High Court, both dated April 3, 2026, concerning these proceedings. According to the judgments, the High Court has upheld the plaintiffs' appeals and ordered the following: (i) the revocation of the civil judgments previously issued by the Zhenjiang Intermediate People's Court for each case; (ii) the subsidiary must pay HKD 25.021 million to each plaintiff within ten days of the judgments taking effect, representing the total amount of unpaid dividends; and (iii) the dismissal of all other claims made by the plaintiffs. As of the date of this announcement, the company is seeking legal advice regarding the appropriate actions to take in response to the High Court's rulings. The judgments have not affected and are not expected to impact the normal operations of the group. The company will release further announcements in due course regarding any significant developments in this matter.

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