Securities Code: 002542 Securities Abbreviation: *ST Zhongyan Announcement No.: 2026-073
Zhonghua Rock Soil Group Co., Ltd.
Announcement Regarding Application for Bankruptcy Liquidation of Wholly-Owned Subsidiary
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, without any false representations, misleading statements, or material omissions.
Special Risk Warning:
As of the disclosure date of this announcement, Shanghai Yuanfang Basic Engineering Co., Ltd. (hereinafter referred to as "Shanghai Yuanfang"), a wholly-owned subsidiary of the Company, has not yet received the relevant documents from the Shanghai Third Intermediate People's Court (hereinafter referred to as the "Court") ruling on the acceptance of its bankruptcy liquidation application. Whether the bankruptcy liquidation application filed by the applicant against Shanghai Yuanfang will be accepted by the Court, and whether Shanghai Yuanfang will enter bankruptcy liquidation proceedings, remains highly uncertain. We kindly remind investors to make prudent decisions and pay attention to investment risks.
I. Overview of the Application for Bankruptcy Liquidation of Wholly-Owned Subsidiary
Recently, the Company's wholly-owned subsidiary, Shanghai Yuanfang, received a "Application for Bankruptcy Liquidation" and a "Notice" from the Shanghai Third Intermediate People's Court. The applicant, He Zunju, has applied to the Shanghai Third Intermediate People's Court for the enforcement of bankruptcy liquidation against Shanghai Yuanfang on the grounds that Shanghai Yuanfang is unable to repay its due debts and clearly lacks the ability to repay. According to Article 10, Paragraph 1 of the "Enterprise Bankruptcy Law of the People's Republic of China," if Shanghai Yuanfang has any objections to the application, it should submit a written objection to the Court within seven days of receiving the Court's notice, along with relevant supporting documents.
(I) Basic