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Furander announced that its holding subsidiary Fuchain Heavy Industries and Hunan Yigang are involved in a lawsuit to rescind the board resolution. The first instance ruling annulled the resolution of Fuchain Heavy Industries' first interim board meeting in 2025. Fuchain Heavy Industries appealed on May 20, 2026, and the hearing was held on June 18. As of the announcement date, no second instance verdict had been received. The lawsuit did not involve a specific amount of money. Fuchain Heavy Industries is not an important subsidiary, and the verdict is not expected to have a significant impact on the company's operations and profits. In the past 12 months, the company and its holding subsidiaries also had 7 lawsuits for failure to meet disclosure standards, involving RMB 27.72219 million.
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Furander announced that its holding subsidiary Fuchain Heavy Industries and Hunan Yigang are involved in a lawsuit to rescind the board resolution. The first instance ruling annulled the resolution of Fuchain Heavy Industries' first interim board meeting in 2025. Fuchain Heavy Industries appealed on May 20, 2026, and the hearing was held on June 18. As of the announcement date, no second instance verdict had been received. The lawsuit did not involve a specific amount of money. Fuchain Heavy Industries is not an important subsidiary, and the verdict is not expected to have a significant impact on the company's operations and profits. In the past 12 months, the company and its holding subsidiaries also had 7 lawsuits for failure to meet disclosure standards, involving RMB 27.72219 million.
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