DCWT (03768): Court Seizes Company's Real Estate in Kunming's Guandu Town and Orders Judicial Auction

Stock News
Jan 27

DCWT (03768) has issued an announcement regarding matters including the company being listed as an executor due to involvement in legal proceedings. Recently, the company received a notice from the Chenggong District People's Court, which has seized the company's real estate properties located at Building 5, 1st Floor; Building 10, 1st-2nd Floors; and Building 6, 1st Floor in Zhongying Township, Guandu Town, Kunming, and has decided to proceed with a judicial auction. The court has ordered the company and relevant rights holders to vacate the aforementioned properties by February 10, 2026. Should there be any objections or claims of other rights such as leaseholds, parties must submit them to the Chenggong District People's Court within 15 days from the date of the court notice, accompanied by relevant evidential materials; claims filed after this deadline will be deemed as non-objections or non-claims. Currently, the company's daily production and operations remain normal. The company will continue to monitor the progress of the related event and will timely fulfill its corresponding information disclosure obligations in accordance with laws and regulations.

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