Zhongtian Financial Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or major omissions.
The Company received a "Decision" from the Guiyang Intermediate People's Court (hereinafter referred to as "Guiyang Intermediate Court") on May 12, 2023, designating the liquidation team of Zhongtian Financial Group Co., Ltd. as the temporary administrator during the company's pre-reorganization period to organize and carry out various pre-reorganization tasks. In accordance with the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules" and "Self-Regulatory Guidelines No. 14 for Listed Companies on the Shenzhen Stock Exchange - Bankruptcy Reorganization and Related Matters," the relevant situation is announced as follows:
1. Specific Situation of the Company's Pre-Reorganization
The creditor, Ping An Bank Co., Ltd. Huizhou Branch, applied to the Guiyang Intermediate Court for the reorganization of the Company, citing the Company's inability to repay due debts and a clear lack of repayment capability, but with potential for revival and rescue. The Guiyang Intermediate Court has decided to initiate the pre-reorganization for the Company. For specific details, please refer to the announcements published on April 27, April 28, and May 5, 2023, in "China Securities Journal," "Securities Times," "Shanghai Securities Journal," "Securities Daily," and on the Giant Tide Information Network (www.cninfo.com.cn) regarding the Company's reorganization application by creditors (Announcement No. 2023-21), the progress of the reorganization application (Announcement No. 2023-23), and the court's decision to initiate pre-reorganization (Announcement No. 2023-38).