Announcement on the Court's Initiation of Creditor Claims for Pre-Reorganization of the Company

Announcement on the Court's Initiation of Creditor Claims for Pre-Reorganization of the Company

Yan'an Bikan Pharmaceutical Co., Ltd. (hereinafter referred to as "the Company" or "Yan'an Bikan") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder:

1. On May 11, 2023, the 52nd meeting of the 5th Board of Directors of Yan'an Bikan approved the proposal to apply to the court for pre-reorganization to avoid further deterioration of the Company's debt and operational risks. The relevant matters regarding the application for pre-reorganization can be found in the announcement disclosed by the Company on May 12, 2023 (Announcement No.: 2023-083).
2. The Company has received the "Decision Document" from the Intermediate People's Court of Yan'an, Shaanxi Province (2023) Shaan 06 Po Shen 3, (2023) Shaan 06 Po Shen 3-1, (2023) Shaan 06 Po Shen 3-4, and the notification from the Intermediate People's Court of Yan'an, Shaanxi Province, agreeing to accept the application for pre-reorganization and appointing Shaanxi Moda Law Firm as the temporary administrator for the bankruptcy pre-reorganization case. The court's decision to conduct pre-reorganization does not mean the Company has officially entered the reorganization process. There remains significant uncertainty regarding whether the Company can enter the reorganization process, and the Company has not yet received relevant legal documents from the court regarding entering the reorganization process. For specific details, please refer to the announcements disclosed by the Company on May 16, 2023, and May 23, 2023, titled "Announcement on Receiving the Court's Decision Document for Pre-Reorganization" and "Announcement on the Court's Appointment of Temporary Administrator During Pre-Reorganization" (Announcement No.: 2023-087, 2023-088).
3. On May 23, 2023, the Company received the "Announcement" from the Intermediate People's Court of Yan'an, Shaanxi Province (2023) Shaan 06 Po Shen 3-5, notifying creditors to declare their claims online to the temporary administrator from May 23, 2023, to May 31, 2023.
4. The Company has triggered conditions for termination of listing. Regardless of the success of this pre-reorganization, it does not affect the Company's risk of facing termination of listing. Investors are advised to invest rationally and pay attention to investment risks.