Wenke Co., Ltd. Accumulated Litigation and Arbitration Amount Exceeds 34 Million Yuan, Accounting for Over 10% of the Absolute Value of the Latest Audited Net Assets

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Guangdong Liberal Arts Green Technology Co., Ltd. (Stock abbreviation: Wenke Co., Ltd., Stock code: 002775) recently announced that as of the disclosure date, the total amount involved in lawsuits and arbitration cases over the past twelve months by the company and its controlling subsidiaries has exceeded 10% of the company’s latest audited net assets, reaching the disclosure standard. Among them, the amount involved in newly undisclosed lawsuits and arbitration cases totals 34.2965 million yuan.

The announcement shows that, of the total involved amount, approximately 28.2281 million yuan pertains to cases where the company and its subsidiaries are plaintiffs initiating lawsuits. The company also stated that there are no other lawsuits or arbitration cases that should be disclosed but have not been disclosed.

Regarding the impact of lawsuits and arbitration on the company’s performance, Wenke Co. noted that since some cases have not yet gone to court or been concluded, their impact on the company’s current or future profits is uncertain. The company will handle accounting in accordance with accounting standards and actual circumstances at the time and will fulfill its disclosure obligations promptly.

Additionally, the company will continue to monitor the progress of relevant lawsuits and arbitration cases, actively take measures to protect the legal rights and interests of the company and its controlling subsidiaries, and strictly disclose relevant information in a timely manner according to the Shenzhen Stock Exchange’s Listing Rules.

According to the case statistics table attached to the announcement, the company recently involved in a significant construction contract dispute case:

Note: Besides the above case, from March 7, 2026, to the date of this announcement, the company and its controlling subsidiaries have received 9 other lawsuits or arbitration cases (all under 10 million RMB), with a total amount of 15.397 million RMB. The involved amounts in these cases may differ from the final actual amounts executed.

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Editor: Xiao Lang Kuai Bao