China CBM Group Company Limited (8270) disclosed that its wholly-owned subsidiary in the People’s Republic of China, Nuoxin (Xian County) Engineering Materials Company Limited, received an enforcement ruling from the People’s Court of Xian County, Hebei Province. The ruling stipulates that an industrial land plot and the buildings thereon, registered under the subsidiary, be transferred to Hebei Xiongyue Qicheng Trading Co., Ltd. to offset a debt of RMB18.8 million. The land and buildings are valued at RMB25 million, and the court requires a payment of RMB6.2 million to the subsidiary to cover the difference.

According to the announcement, the ruling stems from a disputed loan contract purportedly signed in 2015, which the company believes involved unauthorized use of its official seal. Legal proceedings are under review by higher-level authorities, and relevant document authentication processes are in progress.

The chairman of China CBM Group Company Limited has undertaken to shoulder any potential losses arising from this case, and the board does not anticipate a material impact on the group’s financial position and operations at this stage. The company intends to safeguard its interests and will continue to seek professional legal counsel to address the ongoing proceedings.