002325SZSE

Progress Announcement on the Company's Restructuring and Pre-restructuring Application by Creditors

*ST Hongtao Co., Ltd.··4 pages

✨ AI Summary

Shenzhen Hongtao Group Co., Ltd. has received a restructuring application from a creditor due to its inability to repay debts. The Shenzhen Intermediate People's Court has initiated pre-restructuring procedures and appointed a temporary administrator. The company faces uncertainties regarding its restructuring process, which could impact its stock listing status. Successful restructuring may alleviate debt risks and improve operational viability.

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Full Translation

AI Translation· azure_openai

Shenzhen Hongtao Group Co., Ltd. (hereinafter referred to as "Hongtao Group" or "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.

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