Northeast Electric Development Co., Ltd. (hereinafter referred to as "Northeast Electric" or "the Company") guarantees that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Northeast Electric disclosed the following announcements:
- On January 30, 2021, "Notice on the Restructuring Application by Creditors for Indirect Controlling Shareholder" (Announcement No. 2021-002)
- On February 10, 2021, "Announcement on the Court's Acceptance of the Restructuring of Indirect Controlling Shareholder" (Announcement No. 2021-006)
- On March 15, 2021, "Announcement on the Court's Acceptance of the Restructuring of the Company's Controlling Shareholder" (Announcement No. 2021-011)
- On October 24, 2021, "Announcement on the Second Creditors' Meeting of the Restructuring Case of Indirect Controlling Shareholder and Controlling Shareholder" (Announcement No. 2021-063)
- On October 31, 2021, "Announcement on the Court's Approval of the Restructuring Plan of the Company's Indirect Controlling Shareholder and Controlling Shareholder" (Announcement No. 2021-068)
According to the restructuring plan approved by the Hainan Provincial High People's Court on October 31, 2021 (hereinafter referred to as "the Court"), the invested companies, Chongqing HNA Hotel Investment Co., Ltd. (holding 30% equity) and HNA Tianjin Center Development Co., Ltd. (holding 10.5% equity), are currently in the execution phase of the restructuring plan.