Baili Technology Adds Accumulated Litigation and Arbitration Amount of Approximately 18.77 Million Yuan, Some Cases May Impact Profits

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Hunan Baili Engineering Technology Co., Ltd. (Stock Code: 603959, Stock Abbreviation: Baili Technology (Rights Protection)) recently announced that since the previous announcement of litigation arbitration, there have been additional cumulative litigation and arbitration cases. The announcement shows that from February 11, 2026, to the date of this announcement, the company and its controlling subsidiaries have accumulated new passive litigation and arbitration cases with a total amount of 18,771,092.97 yuan, approximately 18.77 million yuan.

The announcement points out that the newly added cases mainly involve 12 contract disputes with individual case amounts below 10 million yuan.

At the same time, Baili Technology also disclosed the progress of previously disclosed litigation and arbitration matters. Among active litigation and arbitration cases, the company is involved in 4 cases with a total amount of 8,335,780.40 yuan, some of which have received rulings or have gone to court. In passive litigation and arbitration matters, there are multiple disputes including construction engineering contract disputes, sales contract disputes, and financial loan contract disputes. Notably, large cases include a construction engineering dispute filed by Shandong Tengzhou Ruid Chemical Co., Ltd. with a claim of 86 million yuan, and a financial loan dispute filed by Jiangsu Bank Changzhou Branch with a claim of 85.60 million yuan. Several cases have scheduled court dates or are in the trial stage.

Baili Technology states that cases that have been legally finalized and entered the enforcement stage may have a certain impact on the company’s current or future profits; other cases that are not yet legally effective will have their actual impact on the company’s current or future profits determined by the final court judgment and annual audit results. The company is actively advancing the related litigation and arbitration work and will disclose information in a timely manner based on case developments. Investors are advised to invest rationally and be aware of risks.

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Editor: Xiao Lang Kuai Bao