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 content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major 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 Branch" or "the Applicant"), informing the Company that the creditor Ping An Bank Huizhou Branch, due to Zhongtian Financial's inability to repay its matured loans, has applied to the Guiyang Intermediate People's Court (hereinafter referred to as "Guiyang Intermediate Court") for the restructuring of Zhongtian Financial, citing the Company's inability to repay its matured debts and its evident lack of repayment capability. However, as a listed company, Zhongtian Financial has potential for rebirth and rescue. For specific details, please refer to the "Notice of the Company's Restructuring Application by Creditors" (Announcement No. 2023-21) 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).
According to the "Shenzhen Stock Exchange Stock Listing Rules (2023 Revision)" (hereinafter referred to as "Stock 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 Guiyang Intermediate Court formally accepts the application. For specific details, please refer to the "Announcement on the Progress of the Company's Restructuring Application by Creditors" (Announcement No. 2023-60) published on May 31, 2023, in the China Securities Journal, Securities Times, Shanghai Securities Journal, Securities Daily, and on the Giant Tide Information Network (www.cninfo.com.cn).
The progress of the restructuring and pre-restructuring is as follows: