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Greenland Holdings Group Co., Ltd. Announcement on New Lawsuits Filed Against the Company and Its Subsidiaries
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Stock Code: 600606 Stock Abbreviation: Greenland Holdings No.: Lin 2026-008
Greenland Holdings Group Co., Ltd. Announcement on New Lawsuits Filed Against the Company and Its Controlling Subsidiaries
The company’s board of directors and all directors guarantee that the content of this announcement contains no false records, misleading statements, or major omissions, and bear legal responsibility for its truthfulness, accuracy, and completeness.
Important Content Highlights:
● Greenland Holdings Group Co., Ltd. (hereinafter referred to as “the Company”) and its controlling subsidiaries filed 1,512 new lawsuits from March 5, 2026, to March 23, 2026, with a total amount of 6.36B yuan.
● As of now, the real estate and infrastructure industries in which the company operates are still in a correction cycle. The related litigation matters involving the company and its controlling subsidiaries still face significant pressure. In response, the company attaches great importance, prioritizes resolving lawsuits, and has taken measures such as forming dedicated working teams, implementing leadership case responsibility, strengthening supervision and assessment, and improving mechanisms for resolving major lawsuits, to promote progress. The company will continue to increase efforts, handle matters properly, further reduce the impact on business operations, and legally protect the legitimate rights and interests of the company and its investors.
● Since some cases have not yet been tried, judged, or enforced, their impact on the company’s future profits is uncertain. The final actual impact will be based on the effective judgments or rulings of courts/arbitration. The company will perform relevant accounting treatments according to applicable accounting standards and actual circumstances, and fulfill information disclosure obligations in a timely manner.
From March 5, 2026, to March 23, 2026, the company and its controlling subsidiaries filed 1,512 new lawsuits totaling 6.36B yuan. The specific situation is as follows:
Between March 5, 2026, and March 23, 2026, there were 1,441 lawsuits filed against the company and its controlling subsidiaries, with a total amount of 5.79B yuan. Categorized by type: 604 construction engineering procurement/dispute lawsuits, amounting to 2.13B yuan; 473 real estate sales/leasing disputes, amounting to 566M yuan; 364 other disputes, amounting to 3.09B yuan.
Between March 5, 2026, and March 23, 2026, there were 71 lawsuits filed by the company and its controlling subsidiaries, with a total amount of 566M yuan. Categorized by type: 30 construction engineering procurement/dispute lawsuits, amounting to 503M yuan; 15 real estate sales/leasing disputes, amounting to 4M yuan; 26 other disputes, amounting to 59M yuan.
Impact of Related Litigation on the Company and Measures Taken
As of now, the real estate and infrastructure industries in which the company operates are still in a correction cycle. The related litigation matters involving the company and its controlling subsidiaries still face significant pressure. In response, the company attaches great importance, prioritizes resolving lawsuits, and has taken measures such as forming dedicated working teams, implementing leadership case responsibility, strengthening supervision and assessment, and improving mechanisms for resolving major lawsuits, to promote progress. The company will continue to increase efforts, handle matters properly, further reduce the impact on business operations, and legally protect the legitimate rights and interests of the company and its investors. Additionally, the company’s potential future lawsuits still carry uncertainties, and the company will fulfill disclosure obligations promptly as required. Investors are advised to be aware of investment risks.
Since some cases have not yet been tried, judged, or enforced, their impact on the company’s future profits is uncertain. The final actual impact will be based on the effective judgments or rulings of courts/arbitration. The company will perform relevant accounting treatments according to applicable accounting standards and actual circumstances, and fulfill information disclosure obligations in a timely manner. Investors are advised to be aware of investment risks.
This announcement is hereby made.
Board of Greenland Holdings Group Co., Ltd.
March 26, 2026