TIS Code: 000826
Abbreviated Name: *ST Qihuan
Announcement No.: 2026-065
TUS Environment Technology Development Co., Ltd.
Announcement on Court Ruling of Bankruptcy for Investee Company
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.
TUS Environment Technology Development Co., Ltd. (hereinafter referred to as the "Company") recently learned that its investee company, Sangdun New Energy Technology Co., Ltd. (hereinafter referred to as "Sangdun New Energy"), has been issued a "Civil Ruling" ((2024) Xiang 03 Po 4-19) by the Xiangtan Intermediate People's Court of Hunan Province, and an announcement by the Xiangtan Intermediate People's Court of Hunan Province ((2024) Xiang 03 Po 4-20). The Xiangtan Intermediate People's Court of Hunan Province has ruled to terminate the restructuring proceedings of Sangdun New Energy and declare Sangdun New Energy bankrupt.
The specific situation is hereby announced as follows:
I. Basic Situation of This Bankruptcy Case