CHIHO ENV (00976.HK): Court Allows Plaintiff to Withdraw Claim Against Wholly-owned Subsidiary, Trading Remains Suspended
- The civil ruling was issued by the Chongqing No. 5 Intermediate People's Court on 14 September 2026 and received by the Company on 15 September 2026; the claim was also brought against Mr. Tu.
- The Company had previously announced on 31 July 2026 the enforcement ruling against Chiho Tiandi Metal; this announcement was made under Rule 13.09(2)(a) of the Listing Rules and the inside information provisions under Part XIVA of the Securities and Futures Ordinance.
- The Company's shares have been suspended from trading since 9:00 a.m. on 1 April 2025 and will remain suspended until further notice pending fulfilment of the resumption guidance.
NewTimeSpace (newtimespace.com) News: On 15 September 2026, Chiho Environmental Group Limited (stock code: 00976) announced that on 15 September 2026 it received a civil ruling issued by the Chongqing No. 5 Intermediate People's Court on 14 September 2026. Under the civil ruling, the court approved on 14 September 2026 the withdrawal by the plaintiff, Mr. Li, of his claim against Mr. Tu and Chiho Tiandi Metal.
The announcement noted that the claim involved a wholly-owned subsidiary of the Company. The Company had previously announced on 31 July 2026 the enforcement ruling against Chiho Tiandi Metal. This announcement was made pursuant to Rule 13.09(2)(a) of the Listing Rules and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
On trading, the Company's shares have been suspended from trading on the Stock Exchange since 9:00 a.m. on 1 April 2025 and will remain suspended until further notice pending fulfilment of the resumption guidance. The Company will make further announcements in due course in accordance with the Listing Rules.
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