Zhongtian Financial Group Co., Ltd. Announcement on the Public Recruitment and Selection of Pre-restructuring Investors
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
The Guiyang Intermediate People's Court (hereinafter referred to as "Guiyang Intermediate Court") decided on May 4, 2023, to initiate pre-restructuring for Zhongtian Financial Group Co., Ltd. (hereinafter referred to as "Zhongtian Financial" or "the Company") and appointed the liquidation team of Zhongtian Financial Group Co., Ltd. as the temporary administrator (hereinafter referred to as "the Temporary Administrator") on May 11, 2023, responsible for various tasks during the pre-restructuring period. To expedite the pre-restructuring work, the Temporary Administrator has decided to recruit and select pre-restructuring investors. The relevant matters are announced as follows:
I. Company Overview
(1) Basic Information
Zhongtian Financial was listed on the Shenzhen Stock Exchange in 1994, with stock code 000540. The company type is other joint-stock limited company (listed), with a registered capital of 7,005,254,679.00 yuan (RMB, the same below). The unified social credit code of the company is 91520000214466447K, and the registered address is No. 3, Zhongtian Road, Guanshanhu District, Guiyang City, Guizhou Province.
Business scope of the company: financial investment; equity investment; industrial investment; asset management; investment and management of industrial funds and property rights markets; financial services and research; investment and management consulting for financial enterprises; investment management of urban infrastructure and public facilities; first-level real estate development.
(2) Asset and Liability Situation
As of March 31, 2023, Zhongtian Financial's total assets amounted to 14,964,160.67 thousand yuan, with total liabilities of 16,120,872.92 thousand yuan, resulting in a debt-to-asset ratio of 107.73%. For detailed information, please refer to the "2023 First Quarter Report" published on April 29, 2023, in "China Securities Journal," "Securities Times," "Shanghai Securities Journal," "Securities Daily," and on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No. 2023-32).
II. Purpose of Recruitment
The purpose of this recruitment is to coordinate and promote the completion of Zhongtian Financial's pre-restructuring and subsequent restructuring work, with investors providing funding and industrial support to mitigate the company's risks and legally protect the legitimate rights and interests of creditors, employees, and other relevant parties. The goal is to comprehensively optimize the company's asset and liability structure, effectively integrate industrial resources, achieve industrial transformation and upgrading, and ultimately create a high-quality company with a sound governance structure, excellent asset quality, reasonable asset-liability structure, and sustainable operational and profitability capabilities.