Shenwu Energy Saving: Holding subsidiary involved in a lawsuit of 21.64 million yuan awaiting trial.

date
11/02/2026
Shenwu Energy announced that its controlling subsidiary, United Liben, has filed a lawsuit against Jiangsu Kunpeng Environmental Protection Engineering Technology Co., Ltd. because the latter's bankruptcy administrator did not recognize United Liben's claim. United Liben requested the court to confirm a principal debt of 16.8652 million yuan, liquidated damages of 4.0442 million yuan, and priority repayment rights of 3.373 million yuan for installation engineering fees, with a total amount of 21.6412 million yuan. The case is pending in court, and the final outcome and recovery amount are uncertain. Preliminary judgment indicates that this lawsuit is not expected to have a significant impact on the company's financial statements for the year 2025 and earlier.