000585SZSE

Announcement on the Court's Ruling Regarding the Completion of the Restructuring Plan of the Company's Indirect Controlling Shareholder and Controlling Shareholder

Dongdian Tui Co., Ltd.·April 24, 2022·2 pages

✨ AI Summary

This announcement informs that on April 24, 2022, the Hainan High Court confirmed the completion of the restructuring plan for HNA Group Co., Ltd. and 321 other companies. The restructuring process began with court acceptance of creditor applications in early 2021. The ruling is final and emphasizes the importance of investor awareness regarding potential risks.

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Full Translation

AI Translation· azure_openai

Important Content Reminder:

On February 10, 2021, the Hainan High Court accepted the restructuring case of HNA Group Co., Ltd., the indirect controlling shareholder of Northeast Electric Development Co., Ltd. (hereinafter referred to as "Northeast Electric" or "the Company"). For details, please refer to the announcement disclosed by the Company on February 10, 2021 (Announcement No. 2021-006).
On March 13, 2021, the Hainan High Court accepted the restructuring case of Beijing Haihongyuan Investment Management Co., Ltd. (hereinafter referred to as "Beijing Haihongyuan"), the controlling shareholder of Northeast Electric. For details, please refer to the announcement disclosed by the Company on March 15, 2021 (Announcement No. 2021-011).
On October 31, 2021, the Hainan High Court approved the restructuring plan for HNA Group Co., Ltd. and 321 other companies (herein

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