Securities Code: 002547
Securities Abbreviation: *ST Chunxing
Announcement No.: 2026-079
Suzhou Chunxing Precision Industry Co., Ltd.
Announcement on Initiating Out-of-Court Restructuring and Claim Filing
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
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Suzhou Chunxing Precision Industry Co., Ltd. (hereinafter referred to as the "Company" or "Chunxing Precision") is undergoing an out-of-court restructuring, which is a voluntary negotiation among all parties and does not have judicial compulsory effect. There is significant uncertainty as to whether the relevant matters can be agreed upon and whether they can be successfully advanced, and there is significant uncertainty as to whether they can be completed within 2026. Investors are kindly requested to pay attention to investment risks.
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The purpose of this out-of-court restructuring is to ascertain the company's restructuring value and feasibility, and does not represent the company's entry into restructuring proceedings. There is significant uncertainty as to whether the company will enter restructuring proceedings subsequently; even if it enters restructuring proceedings, there is significant uncertainty as to whether it can be completed within 2026 and when it will be completed.
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According to the relevant provisions of the "Stock Listing Rules of the Shenzhen Stock Exchange," if the court rules to accept the company's restructuring, the company's stock will be subject to a delisting risk warning.
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If the court subsequently rules to accept the company's restructuring and the restructuring fails, the company will face the risk of being declared bankrupt. If the company is declared bankrupt, according to the relevant provisions of the "Stock Listing Rules of the Shenzhen Stock Exchange," the company's stock will face the risk of termination of listing. Investors are kindly requested to pay attention to investment risks.
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The audited net assets attributable to the parent company at the end of 2025 were negative. There is significant uncertainty as to whether the aforementioned situation can be eliminated by the end of 2026. Zhongxinghua Certified Public Accountants (Special General Partnership) issued an audit report with an emphasis of matter paragraph for the company's 2025 financial statements, emphasizing the main content related to equity transfer payments from the controlling shareholder and related parties and outstanding business receivables. For details, please refer to the "Special Explanation on the Audit Opinion on Non-Standard Financial Statements for 2025" disclosed by the company on the evening of April 29, 2026, on the Juchao Information Network and designated information disclosure media.
After the disclosure of the company's 2026 annual report, if it touches upon the circumstances stipulated in Article 9.3.12 of the "Stock Listing Rules of the Shenzhen Stock Exchange (2026 Revision)"