Zhitong Finance App News, Huajin International Holdings (02738) issued an announcement. The company's board of directors learned that from September 16, 2026 to October 13, 2026, several subsidiaries of the Group, namely Jiangmen Huajin Metal Products Co., Ltd. (Huajin), Jiangmen Huamu Hardware Co., Ltd. (Huajin Industrial), and Guangdong Huajin Industrial Co., Ltd. (Huajin Industrial), have become parties to a total of 53 newly filed civil enforcement procedures. The relevant procedures were carried out in the People's Court of Guangdong Province at various levels (including the People's Court of Xinhui District of Jiangmen City). These procedures stem from commercial transactions in the daily business process of the relevant subsidiary, including procurement of raw materials and outstanding repayment obligations. Some of the applicants are customers for which the Group has received advance payments, while others are suppliers for which the Group still has outstanding trade accounts payable.
The company actively handles all relevant matters under the supervision of senior management, including maintaining regular communication with creditors to negotiate repayment, settlement or restructuring arrangements acceptable to all parties. The company handles relevant matters through an in-house legal team to ensure compliance with applicable procedures. For the purposes of this announcement, the Company discloses the overall situation on an aggregated basis. The repayment terms and negotiation details of each case are commercially sensitive information and will not be disclosed at this stage.
Furthermore, the Group's daily business and operations remain normal. The execution procedures described in this notice are due to the Group's daily business activities, and the Board believes that it has not had any significant adverse effect on the Group's overall business, operation or financial situation. The Group will continue to closely monitor any further developments in the above matters and will keep the Company's shareholders and potential investors informed of significant updates in due course.