002360SZSE
🚨 Material Event

Announcement on Progress of Company and Subsidiaries' Debt Defaults

ST Tongde Co., Ltd.··7 pages

✨ AI Summary

This announcement details the ongoing progress of the company and its subsidiaries in addressing overdue debts. It provides updated figures on principal and interest amounts overdue as of various dates, highlighting the increasing scale of the defaults. The company is actively negotiating with financial institutions for debt restructuring and is implementing measures to improve its financial situation, including asset disposal and potential judicial restructuring.

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Announcement on Progress of Company and Subsidiaries' Debt Defaults

The Company and the Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false or misleading statements or material omissions.

I. Basic Situation of Current Debt Defaults

  1. On April 25, 2025, Shanxi Tongde Chemical Co., Ltd. (hereinafter referred to as "Tongde Chemical" or "the Company") disclosed the "Announcement on Debt Defaults of the Company and Wholly-owned Subsidiaries" (Announcement No.: 2025-027) in the Securities Times, Shanghai Securities News, and the Juchao Information Network. As of April 25, 2025, the principal of overdue debts of the Company and its wholly-owned subsidiary Tongde Kechuang Materials Co., Ltd. (hereinafter referred to as "Tongde Kechuang") was RMB 30,820,946.72, and the interest corresponding to the aforementioned overdue debts was paid on time.

  2. On May 23, 2025, the Company disclosed the "Announcement on the Unfreezing of Part of the Company's Bank Accounts" (Announcement No.: 2025-046) in the Securities Times, Shanghai Securities News, and the Juchao Information Network. The Company repaid overdue debts of Ping An International Finance Leasing Co., Ltd. amounting to RMB 2,986,129.86.

  3. On May 27, 2025, the Company disclosed the "Announcement on the Progress of Debt Defaults of the Company and Wholly-owned Subsidiaries" (Announcement No.: 2025-047) in the Securities Times, Shanghai Securities News, and the Juchao Information Network. As of May 26, 2025, the principal of overdue debts of the Company and its wholly-owned subsidiary Tongde Kechuang was RMB 44,473,436.20, and the overdue unpaid interest was RMB 980,000.00, totaling RMB 45,453,436.20.

  4. On June 27, 2025, the Company disclosed the "Announcement on the Progress of Debt Defaults of the Company and Wholly-owned Subsidiaries" (Announcement No.: 2025-054) in the Securities Times, Shanghai Securities News, and the Juchao Information Network. As of June 27, 2025, the principal of overdue debts of the Company and its wholly-owned subsidiary Tongde Kechuang was RMB 46,977,855.24, and the interest corresponding to the aforementioned overdue debts was paid.

  5. On July 29, 2025, the Company disclosed the "Announcement on the Progress of Debt Defaults of the Company and Wholly-owned Subsidiaries" (Announcement No.: 2025-064) in the Securities Times, Shanghai Securities News, and the Juchao Information Network. As of July 29, 2025, the principal of overdue debts of the Company and its wholly-owned subsidiary Tongde Kechuang was RMB 50,625,559.09, and the interest corresponding to the overdue debts was paid by the Company.

  6. On August 27, 2025, the Company disclosed the "Announcement on the Progress of Debt Defaults of the Company and Wholly-owned Subsidiaries" (Announcement No.: 2025-087) in the Securities Times, Shanghai Securities News, and the Juchao Information Network. As of August 27, 2025, the principal of overdue debts of the Company and its wholly-owned subsidiary Tongde Kechuang was RMB 65,755,445.09, and the interest corresponding to the overdue debts was paid by the Company.

  7. On September 16, 2025, the Company disclosed the "Announcement on the Progress of Debt Defaults of the Company and Subsidiaries" (Announcement No.: 2025-096) in the Securities Times, Shanghai Securities News, and the Juchao Information Network. As of September 15, 2025, the principal of overdue debts of the Company and its subsidiary Tongde Kechuang was RMB 81,813,365.24, the overdue unpaid interest was RMB 1,394,578.24, and the total of overdue principal and unpaid interest was RMB 83,207,943.48.

  8. On September 23, 2025, the Company disclosed the "Announcement on the Progress of Debt Defaults of the Company and Subsidiaries" (Announcement No.: 2025-099) in the Securities Times, Shanghai Securities News, and the Juchao Information Network. As of September 22, 2025, the principal of overdue debts of the Company and its subsidiary Tongde Kechuang was RMB 129,408,611.93, the overdue unpaid interest was RMB 3,006,160.74, and the total of overdue principal and unpaid interest was RMB 132,414,772.67.

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