Tritech Group Limited Receives Major Litigation Claim: What Investors Need to Know

Summary of Key Points

• Litigation Update: Tritech Group Limited has received an Originating Claim and Statement of Claim in the High Court of Singapore related to proceedings previously undertaken in China.
• Claimants: Wang Liang and Gao Liangyu have initiated the claims against the company.
• Substantial Claims Made: Each claimant is seeking recovery of significant sums including principal, interest, court fees, and other costs.
• Company’s Response: Tritech intends to vigorously defend its position and is considering counter-claims or legal action where appropriate.
• Investor Advisory: The company has advised shareholders and potential investors to exercise caution due to the potential material impact of the litigation.

Details of the Litigation Claim

On 28 January 2026, Tritech Group Limited announced that it had received an Originating Claim and Statement of Claim filed in the High Court of the Republic of Singapore by solicitors acting on behalf of Wang Liang and Gao Liangyu. The claim is closely related to ongoing proceedings that originated in China (“Chinese Proceedings”).

Breakdown of the Claims Sought

• Principal Amount: Each claimant seeks RMB15,000,000.
• Interest:
  • Accrued Interest: RMB7,200,000, covering the period from 16 September 2015 to 15 September 2021.
  • Ongoing Interest: 8% per annum on the principal sum from 16 September 2021 to the date of payment.
  • Additional Interest: 0.0175% per day on the principal from 18 April 2024 until payment is settled.
• Court and Legal Fees:
  • PRC first instance court case acceptance fee: RMB152,800
  • Preservation fee: RMB5,000
  • PRC appellate court case acceptance fee: RMB152,800
  • Other costs as may be awarded by the court
• Other Relief: The claimants are also seeking any further or alternative relief as the court deems fit.

Potential Impact on Shareholders and Share Price

This litigation is potentially significant and may have a material impact on Tritech Group Limited’s financial position, depending on the outcome. The total sums claimed, including principal, interest, and fees, represent a substantial financial exposure. There is a risk that, if the court rules in favor of the claimants, the company could face a meaningful outflow of cash and a negative impact on its balance sheet.

The company has stated that it will vigorously defend against these claims and may initiate its own legal proceedings. However, the outcome remains uncertain. The company has committed to making further announcements as and when there are material developments.

Shareholders and potential investors are strongly advised to monitor the situation closely, as the litigation could affect the share value depending on its resolution. This represents a clear price-sensitive issue for the market.

Company and Sponsor Remarks

The announcement was made by Dr Wang Xiaoning (Jeffrey Wang), Managing Director of Tritech Group Limited, and reviewed by the company’s sponsor, UOB Kay Hian Private Limited. The Singapore Exchange Securities Trading Limited (SGX-ST) has not reviewed or approved the contents of the announcement and assumes no responsibility for its accuracy.

What Investors Should Do

• Exercise caution when dealing in Tritech shares.
• Review all related company announcements and updates regarding the litigation.
• Consult your stockbroker, bank manager, solicitor, or professional adviser if you have doubts or require further clarification.

Disclaimer: This article is intended for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisers before making investment decisions. The information is based on company announcements as of 28 January 2026 and may be subject to change.

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