Kangqiao Service Seeks to Limit Liability From Court Judgment, Avert Operational Disruption

• Kangqiao Service Group is negotiating collateral handling and repayment arrangements with its bank to limit judgment-related liability and avoid disrupting subsidiary operations.
• The Supreme People's Court dismissed the subsidiary's retrial application concerning the judgment.
• The bank has sought court enforcement against two land parcels pledged as collateral to reduce the subsidiary's potential liability.
• Normal operations continue; the board considers the going-concern basis appropriate based on cash flow forecasts through December 31, 2027.

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. Kangqiao Service Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261030-12390394), on October 30, 2026, and is solely responsible for the information contained therein.