Enlightenment Environment's accumulated litigation and pending performance amount exceeds 11.8 billion yuan, accounting for 492.40% of net assets.

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TianDi Environment Technology Development Co., Ltd. (Stock abbreviation: Tiandi Environment, Stock code: 000826) released a litigation progress announcement on March 13, disclosing the recent trial results and enforcement progress of multiple lawsuits involving the company and its controlling subsidiaries. The announcement shows that as of now, the company’s total unsettled litigation and arbitration amount to 4.088 billion yuan, with approximately 7.737 billion yuan in previous judgments pending fulfillment. The combined total is 11.825 billion yuan, which has posed significant pressure on the company’s operations.

The announcement discloses that the total unsettled litigation and arbitration cases where the company and its subsidiaries are plaintiffs amount to 543 million yuan, mainly involving administrative lawsuits and construction disputes; as defendants, the total unsettled cases amount to 3.545 billion yuan, mainly involving construction contract disputes and debt litigation. The total amount of these litigation and arbitration cases is 4.088 billion yuan, accounting for 170.20% of the company’s latest audited net assets.

Recently, the company received multiple court judgments and enforcement documents, including two cases with clear rulings:

In case (2025) Jing 01 Min Chu 940, a loan contract dispute, the Beijing First Intermediate People’s Court ordered Tiandi Environment to repay the plaintiff Tiandi Technology Service Co., Ltd. a principal and interest of 230 million yuan as of December 15, 2025, and to pay subsequent interest starting from December 16, 2025 (based on 166 million yuan, calculated at an annual interest rate of 6.5%), along with legal fees of 50,000 yuan and preservation insurance fees of 3,500 yuan. The court acceptance fee of 1.1927 million yuan is to be borne by Tiandi Environment.

In case (2025) Jing 0112 Min Chu 7726, a sales contract dispute, the Tongzhou District People’s Court of Beijing ordered Tiandi Environment to pay the plaintiff Beijing Times Taoyuan Environmental Technology Co., Ltd. 6.244 million yuan for the contract amount and corresponding overdue payment losses. The case acceptance fee of 69,900 yuan and preservation fee of 5,000 yuan are to be borne by Tiandi Environment.

Additionally, the construction contract dispute involving the Xi’an Qihang Surface Treatment Center Construction and Operation Co., Ltd. has been escalated for enforcement by the Xi’an Intermediate People’s Court, involving 28.8789 million yuan in project funds plus interest. The company’s claim of 32.5629 million yuan against Hunan Sander Kaitan Recycled Resources Technology Co., Ltd. has been frozen by the Lianshui County People’s Court in Jiangsu Province for three years.

The announcement also discloses the classification of the company and its subsidiaries’ total litigation and arbitration cases by case type as follows:

The announcement particularly notes that some previously litigated cases have reached judgments or settlements. As of now, the total amount of pending enforcement for related lawsuits (arbitrations) is approximately 7.737 billion yuan. The company currently faces significant litigation risks and liquidity pressures. The company is actively promoting measures such as accelerating accounts receivable collection and asset disposals to mitigate litigation risks and future judgment fulfillment pressures, and will disclose information in accordance with regulations based on the progress of litigation.

Investors should closely monitor the company’s ongoing litigation developments and asset disposal status, and be aware of investment risks.

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