Kaired Holdings Co., Ltd. (Stock Code: 002072, Stock Abbreviation: *ST Kaired) announces that the company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, and there are no false records, misleading statements, or significant omissions.
Special Reminder:
- On November 5, 2021, Kaired Holdings Co., Ltd. (hereinafter referred to as "Kaired" or "the Company") received the Civil Ruling (2021) E 08 Po Shen No. 1 from the Intermediate People's Court of Jingmen, Hubei Province, which accepted the reorganization application filed by Wang Jianwei.
- Kaired has previously been subjected to "delisting risk warning" and "other risk warning" special treatment. For details, please refer to the announcement disclosed by the company on January 30, 2021, titled "Announcement on the Implementation of Delisting Risk Warning and Other Risk Warnings on Company Stock" (Announcement No.: 2021-L021). Due to the court's acceptance of the reorganization, the company's stock will be subject to an additional "delisting risk warning" special treatment, with the stock abbreviation remaining as "*ST Kaired" and the stock code as "002072," and the daily price fluctuation limit for stock trading remaining at 5%.
- If the company successfully implements the reorganization and completes the reorganization plan, it will help improve the company's financial condition and operational status, promoting a return to sustainable development. If the reorganization cannot be successfully implemented, there is a risk of bankruptcy. If the company is declared bankrupt, according to Article 14.4.17 (6) of the Shenzhen Stock Exchange Listing Rules, the company's stock will face the risk of being delisted.
- Type of court ruling: Reorganization. On November 5, 2021, the company received the Civil Ruling (2021) E 08 Po Shen No. 1 and the Decision (2021) E 08 Fa Wei Jian Zi No. 34 from the Jingmen Intermediate Court, which ruled to accept the reorganization application and appointed the liquidation group of Kaired Holdings Co., Ltd. as the administrator.