Zhongtian Financial Group Co., Ltd. (hereinafter referred to as "Zhongtian Financial" or "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
On April 26, 2023, Zhongtian Financial received a notification letter from the Huizhou Branch of Ping An Bank Co., Ltd. (hereinafter referred to as "Ping An Bank Huizhou" or "the Applicant"), informing the Company that the creditor Ping An Bank Huizhou, due to Zhongtian Financial's inability to repay its matured loans, has applied to the Guizhou Intermediate People's Court (hereinafter referred to as "Guizhou Intermediate Court") for the Company's restructuring, citing the Company's lack of repayment capability but potential for recovery as a listed company. For specific details, please refer to the announcement titled "Notice of the Company's Restructuring Application by Creditors" published on April 27, 2023, in the China Securities Journal, Securities Times, Shanghai Securities Journal, Securities Daily, and on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No. 2023-21).
According to the "Shenzhen Stock Exchange Stock Listing Rules (2023 Revision)" (hereinafter referred to as "Listing Rules") and the relevant provisions of the "Self-Regulatory Guidelines No. 14 for Listed Companies of the Shenzhen Stock Exchange - Bankruptcy Restructuring and Related Matters," the Company is required to disclose the progress of the pre-restructuring matters at least once a month before the Guizhou Intermediate Court formally accepts the application. The following is the announcement regarding the progress of the restructuring and pre-restructuring application by creditors: