Securities Code: 002547
Securities Abbreviation: *ST Chunxing
Announcement No.: 2026-083
Suzhou Chunxing Precision Technology Co., Ltd.
Announcement on Public Recruitment and Selection of Restructuring Investors
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
Special Reminders:
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The recruitment of restructuring investors for Suzhou Chunxing Precision Technology Co., Ltd. (hereinafter referred to as the "Company" or "Chunxing Precision") is subject to significant uncertainty. There is a possibility that qualified restructuring investors may not be recruited, or that restructuring investors may not sign investment agreements on time. Investors are kindly requested to pay attention to investment risks.
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The out-of-court restructuring work aims to ascertain the Company's restructuring value and feasibility, and does not signify 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 Company's audited net assets attributable to the parent company as of the end of 2025 were negative. There is significant uncertainty as to whether this situation can be eliminated by the end of 2026. Zhongxinghua Certified Public Accountants (Special General Partnership) issued an audit report with a qualified opinion with an emphasis of matter for the Company's 2025 financial report. The emphasis of matter section includes: matters related to equity transfer payments and business-related accounts receivable from the controlling shareholder and related parties. For detailed information, please refer to the "Special Explanation on the Non-Standard Audit Opinion on the 2025 Financial Report" disclosed by the Company on the Juchao Information Network and designated information disclosure media on April 29, 2026.
If the Company's 2026 annual report, after its disclosure, touches upon the relevant circumstances stipulated in Article 9.3.12 of the "Stock Listing Rules of the Shenzhen Stock Exchange (2026 Revision)," the Company's stock will face the risk of termination of listing. Investors are kindly requested to pay attention to investment risks.
To properly resolve the Company's current operating risks and ensure its continued operating ability, the Company has initiated the process of out-of-court restructuring and debt claims filing. For detailed information, please refer to the "Announcement on the Commencement of Out-of-Court Restructuring and Debt Claims Filing" (Announcement No.: 2026-079) disclosed by the Company on the Juchao Information Network and designated information disclosure media on July 30, 2026.