China CBM says RMB 18.8 million litigation provision offset by chairman reimbursement pledge

• China CBM Group issued supplemental clarification on litigation tied to wholly owned subsidiary Nuoxin (Xian County) Engineering Materials, centering on an alleged April 2015 loan guarantee the group believes was executed without authorization before its late-2015 acquisition.
• Provision of claims of RMB 18.8 million was booked in profit or loss for year ended Dec. 31, 2025 following an enforcement ruling, while Supreme People’s Procuratorate review of civil judgment remains ongoing.
• Forced transfer of industrial land and buildings in Hebei valued at RMB 25 million was registered, with applicant paying RMB 6.2 million price difference into court-designated account for subsidiary.
• Chairman Wang Zhong Sheng undertook to reimburse group losses on a dollar-to-dollar basis subject to final outcome, with reimbursement not yet made because protest process is still in progress.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China CBM Group Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260513-12158012), on May 13, 2026, and is solely responsible for the information contained therein.