Securities Code: 002634 Securities Abbreviation: *ST Bangjie Announcement No.: 2026-069 Zhejiang Bangjie Holding Group Co., Ltd. Announcement Regarding the Signing of the Restructuring Investment Agreement with a Financial Investor 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 major omissions.
Special Risk Warning: (I) There is a risk that the financial investor may not fulfill its investment obligations as agreed in the Restructuring Investment Agreement. Although the Restructuring Investment Agreement has been signed, it may be terminated, rescinded, revoked, deemed invalid, or practically unfulfillable. (II) The RMB 650 million capital reserve created through this Restructuring Investment Agreement requires implementation through acquisition and waiver of claims, and also requires the consent of third-party creditors and compliance with regulatory requirements. There is a significant uncertainty regarding the timely completion or full realization, and investors are kindly reminded to pay attention to investment risks. (III) As of the disclosure date of this announcement, the company's pre-restructuring work is progressing in an orderly manner. Please refer to subsequent announcements regarding the progress of the company's pre-restructuring matters. There is uncertainty as to whether the company will enter the restructuring proceedings. Regardless of whether the company enters the restructuring proceedings, the company will actively manage its daily production and operation work on the existing basis. If the court accepts the restructuring application, the company will promptly fulfill its information disclosure obligations. As of the disclosure date of this announcement, the company has not yet received any legal documents from the court regarding the acceptance of the restructuring application. According to Article 9.4.1, item (IX) of the Shenzhen Stock Exchange Stock Listing Rules, if the court rules to accept the company's restructuring application, the Shenzhen Stock Exchange will implement a delisting risk warning on the company's stock. Investors are kindly reminded to pay attention to investment risks. If the restructuring fails and the company is declared bankrupt, its stock may face the risk of termination of listing. If the court accepts the company's restructuring application and the restructuring is successfully completed, it will help improve the company's balance sheet structure and promote the company's healthy development. However, even if the court formally accepts the restructuring application, there is still a risk of bankruptcy and liquidation if the restructuring fails. If the restructuring fails, the company will face the risk of bankruptcy. If the company is declared bankrupt, according to the relevant provisions of the Stock Listing Rules, the company's stock will face the risk of delisting. Investors are kindly reminded to pay attention to investment risks. (IV) The company's stock has been subject to a delisting risk warning and other risk warnings.
- The company disclosed its "2025 Annual Report" on April 25, 2026. The audited annual report shows that the company's net assets at the end of 2025 were negative. According to Article 9.3.1, Paragraph 1, Item 2 of the Shenzhen Stock Exchange Stock Listing Rules (hereinafter referred to as the "Stock Listing Rules"), the company's stock trading was subject to a delisting risk warning.
- The audited annual report shows that the lower of net profit before and after non-recurring items in the company's 2025 audited annual report was negative. Furthermore, the company's 2025 financial report received an unqualified audit opinion with a paragraph on significant uncertainty about going concern. In addition, the lower of net profit before and after non-recurring items for 2023 and 2024 was negative. According to Article 9.8.1, Item (VII) of the Stock Listing Rules, the company's stock trading was subject to other risk warnings.