New Universe Environmental Group Limited (the “Company,” stock code: 436) disclosed that it has been named as a guarantor alongside Guangxi Rongkai Huayuan Electroplating Industrial Park Investment Company Limited (“Guangxi Rongkai”) in legal proceedings initiated by Bank of China Limited, Liuzhou Branch (“BOC Liuzhou Branch”). The proceedings stem from a loan agreement signed in 2020 by Liuzhou Xinyu Rongkai Solid Waste Disposal Company Limited (“Liuzhou Xinyu Rongkai”), a joint venture accounted for under the equity method, in which the Company indirectly holds a 65% interest.
The outstanding principal amount in dispute is RMB48,257,991.13 (approximately HK$52,746,000), part of a revised RMB116,100,000 loan that financed hazardous solid waste treatment facilities in Liuzhou, Guangxi. BOC Liuzhou Branch seeks repayment, related interest, and the possible realisation of charged immovable assets of Liuzhou Xinyu Rongkai. The Company received the summons on 13 November 2025, and the case is set for consideration by the Liuzhou Intermediate People’s Court on 9 April 2026.
The Company has noted that the proceedings are not expected to have a material adverse effect on its financial position. It intends to seek legal advice and will issue further announcements if necessary. Shareholders and investors are advised to exercise caution when dealing in Company securities.