000673SZSE

Announcement on the Progress of the Restructuring Application by Creditors and Risk Warning

Contemporary Retreat Co., Ltd.··2 pages

✨ AI Summary

This announcement informs stakeholders about the ongoing restructuring application by creditors due to the company's inability to repay debts. As of the announcement date, the court has not yet accepted the restructuring application. The company’s stock is set to be delisted following a warning due to negative net assets. Investors are advised to monitor developments closely.

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Full Translation

AI Translation· azure_openai

Stock Code: 000673

Stock Abbreviation: Dongdai Tui

Announcement Number: 2022-036

Dongdai Oriental Investment Co., Ltd. Announcement on the Progress of the Restructuring Application by Creditors and Risk Warning

The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

On May 13, 2022, Dongdai Oriental Investment Co., Ltd. (hereinafter referred to as "the Company") received a "Notice" from the Intermediate People's Court of Datong City (hereinafter referred to as "the Court"), indicating that creditor Hu Chao (hereinafter referred to as "the Applicant") applied to the Court for pre-restructuring and restructuring due to the Company's inability to repay due debts and the possibility of significant loss of repayment capability. The Company disclosed the "Notice on the Application for Pre-restructuring and Restructuring by Creditors" (Announcement Number: 2022-031) on May 13, 2022.

According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules" and "Self-Regulatory Guidelines No. 14 for Listed Companies on the Shenzhen Stock Exchange - Bankruptcy Restructuring and Related Matters," the Company announces the following progress:

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