000826SZSE
🚨 Material Event

Announcement on the Progress of the Company's Pre-Restructuring Matters

*ST Qihuan Co., Ltd.··3 pages

✨ AI Summary

The company announces progress on its pre-restructuring. The court has accepted the pre-restructuring application and appointed a temporary administrator. A restructuring investment agreement has been signed, and the relevant government approval has been obtained, satisfying the conditions for the agreement to take effect.

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Full Translation

AI Translation· gemini_document

Securities Code: 000826

Securities Abbreviation: *ST Qihuan

Announcement No.: 2026-063

TUS Inter-China Environmental Technology Development Co., Ltd.

Announcement on the Progress of the Company's Pre-Restructuring Matters

The company and all members of the board of directors guarantee the authenticity, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or major omissions.

TUS Inter-China Environmental Technology Development Co., Ltd. (hereinafter referred to as the "Company" or "TUS Inter-China") has, in accordance with the "Shenzhen Stock Exchange Stock Listing Rules (2026 Revision)" and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 14 - Bankruptcy Reorganization and Other Matters (2025 Revision)" and other relevant regulations, hereby announces the progress of the company's pre-restructuring matters as follows:

I. Basic Situation of Pre-Restructuring

  1. On September 23, 2025, TUS Inter-China received a "Notice" (2025) E 05 Ru Shen 37 from the Yichang Intermediate People's Court. A creditor applied to the Yichang Intermediate People's Court for the company's reorganization, stating that the company was unable to repay its due debts and was clearly lacking in repayment ability, but had reorganization value, and applied to initiate the pre-restructuring procedure. On the same day, the company received a "Notice" served by the applicant. For details, please refer to the "Notice of Application for Reorganization and Pre-Restructuring by Creditor" (2025-059) disclosed by the company on the Juchao Information Network on September 24, 2025.

  2. On September 24, 2025, the Yichang Intermediate People's Court made a "Decision" (2025) E 05 Ru Shen 37, deciding to initiate pre-restructuring for TUS Inter-China and appointing the TUS Inter-China Liquidation Team as the temporary administrator during the pre-restructuring period (hereinafter referred to as the "Temporary Administrator"). For details, please refer to the "Announcement on the Court's Decision to Initiate Pre-Restructuring for the Company and Appoint a Temporary Administrator" (2025-061) disclosed by the company on the Juchao Information Network on September 25, 2025.

  3. To smoothly promote the company's pre-restructuring and subsequent reorganization work, prudently and orderly resolve the company's debt risks, restore and enhance the company's sustainable operation and profitability, realize resource integration, and protect and ensure the fair compensation rights of creditors, the temporary administrator, in accordance with relevant laws and regulations and in conjunction with the company's actual situation and pre-restructuring work arrangements, publicly solicited reorganization investors for the company. For details, please refer to the "Announcement on Publicly Soliciting Reorganization Investors" (2025-062) disclosed by the company on the Juchao Information Network on September 27, 2025.

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