EC World REIT’s appeals on unauthorised mortgage dismissed; manager plans to seek re-trial

SGX Filings

Feb 04

EC World Real Estate Investment Trust said that the Hangzhou Intermediate People’s Court on Jan, 29 2026 dismissed the trust’s appeals to invalidate and revoke an unauthorised mortgage over its Fuzhou E-Commerce property.

The manager, EC World Asset Management, stated that the contingent liabilities relating to the mortgage had already been recognised in prior financial statements, so no additional accounting adjustments are required.

Acting on legal advice, the manager intends to apply to higher-level courts for a re-trial of both the April 2025 and January 2026 judgments, although this step is not considered a formal appeal of the latest ruling.

Separately, the manager said two lawsuits filed by Fuyang Futoufa against three EC World REIT subsidiaries were heard on Jan, 28 2026 at the same court and are awaiting further proceedings.

The board will update unitholders on any material developments and advises investors to exercise caution when dealing in the units.

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