The People’s Court of Pingdu City ruled in favor of Industrial and Commercial Bank of China (ICBC) regarding a loan to related party Qingdao Fudingtai Intelligent Technology Co., Ltd. The judgment requires the borrower to pay approximately RMB9.75 million in principal and interest, with Tungray Technologies’ subsidiary, Qingdao Tongri Mechanical Electronics Co., Ltd., held jointly and severally liable under a guarantee capped at RMB15 million. The Company filed an appeal on October 8, 2026, which is currently pending. Tungray Technologies Inc operates in the technology sector.
