Stock Codes: 000018, 200018 Stock Abbreviations: Shencheng A Delisted, Shencheng B Delisted Announcement No.: 2019-173 Great Wall Corporation of China About Announcement on the decision for creditors to withdraw bankruptcy reorganization applications and automatic termination agreement with Yufa Group The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, without falsehood False records, misleading statements, or material omissions.
I. Progress of Restructuring Great Wall Corporation Limited (hereinafter referred to as the "Company" or the "Listed Company") was established on July 24, 2019 The applicant Xi'an Bihui Road and Bridge Engineering Co., Ltd., served by the Shenzhen Intermediate People's Court (hereinafter referred to as the "Court"). The company (hereinafter referred to as "Bihui Road & Bridge") submitted the "Reorganization Application". Bihui Road and Bridge was unable to repay due to the company's inability to repay the debt and clearly lack repayment ability, the company applied to the court for reorganization. For details, see the official publication
The company disclosed on CNINFO in the "Notice on Creditors' Application for Company Restructuring" (Announcement No.: 2019-092）。 To facilitate the advancement of the company's judicial restructuring, improve the success rate of restructuring, and resolve the company's debt crisis,
On September 19, 2019, the company's controlling shareholder and actual controller, Mr. Chen Lue, had a partnership with Henan Yufa Group Limited Company (hereinafter referred to as "Yufa Group") signed the "Investment Cooperation Agreement," and both parties agreed that Yufa Group would handle the agreement The restructuring party (also known as the "restructuring investor") participated in and promoted the restructuring process of Shenzhou Great Wall. After the restructuring was completed, Yu Fa Group will become the controlling shareholder of the listed company. For details, please refer to the company's disclosure on CNINFO in the "Regarding Public Affairs." Announcement signed between the actual controller of the company and <投资合作协议>Yufa Group (Announcement No.: 2019-116). On December 16, 2019, the company received the court's service of documents under Civil Procedure No. (2019) Yue 03 Po Shen 408