Stock Code: 002430
Stock Abbreviation: Hangyang Shares
Announcement No.: 2026-029
Convertible Bond Code: 127064
Convertible Bond Abbreviation: Hangyang Convertible Bond
Hangyang Group Co., Ltd.
Announcement on Proposed Bankruptcy Liquidation of Wholly-Owned Subsidiary
The company and all members of its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false statements, misleading representations, or material omissions.
Hangyang Group Co., Ltd. (hereinafter referred to as the "Company" or "this Company") held the 42nd meeting of the 8th Board of Directors on July 13, 2026, and approved the "Proposal on the Proposed Bankruptcy Liquidation of the Company's Wholly-Owned Subsidiary." It was agreed that the Company's wholly-owned subsidiary, Inner Mongolia Hangyang Hongyu Gas Co., Ltd. (hereinafter referred to as "Inner Mongolia Hangyang"), would apply to the People's Court for bankruptcy liquidation as a debtor. The management was authorized to organize and implement relevant matters concerning the bankruptcy liquidation of Inner Mongolia Hangyang within the scope permitted by laws and regulations. The relevant situation is hereby announced as follows:
I. Overview