<p>Northeast Electric Development Co. Ltd. (NEE) announced an update regarding ongoing litigation with Liaoning Trust and Investment Company. The dispute centers on the validity of a Debt Transfer Agreement related to a loan originally provided to Huludao Jinhua Chemical (Group) Co., Ltd. After Jinhua Chemical defaulted on a portion of the RMB35 million loan, Liaoning Trust claimed the agreement with NEE was invalid. The Intermediate People’s Court of Shenyang upheld the first-instance judgment, dismissing NEE’s appeal and confirming the contract was void ab initio. NEE has indicated it will seek a retrial with the Higher People’s Court of Liaoning Province. The litigation has not affected the company’s operations so far, and any further impact will depend on the outcome of court enforcement. Investors are advised to pay attention to potential risks. 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. NEE - Northeast Electric Development 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-20260203-12011924), on February 03, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)</p>

Court Upholds Judgment Against Northeast Electric Development Co. Ltd