Securities Code: 002634 Securities Abbreviation: *ST Bangjie Announcement Number: 2026-078
Zhejiang Bangjie Holding Group Co., Ltd.
Announcement on Signing the Restructuring Investment Agreement with Financial Investors
The Company and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and that there is no false record, misleading statement, or major omission.
Special Risk Warning:
(I) There is a risk that the restructuring investment agreement may not be performed by the restructuring investor as agreed. Although the "Restructuring Investment Agreement" has been signed, the agreement may still be terminated, rescinded, revoked, deemed invalid, or practically unperformable.
(II) The capital reserve created under the restructuring investment agreement, amounting to RMB 650 million, needs to be implemented through the acquisition and waiver of claims. Currently, the company has received the relevant notice of debt waiver and completed the corresponding deliberation and disclosure procedures. The company will strictly follow the provisions of the "Accounting Standards for Enterprises" for the relevant accounting treatment. The specific accounting treatment and its final impact will be subject to the results confirmed by the audit of the accounting firm. Investors are kindly reminded to pay attention to investment risks.
(III) As of the date of this announcement, the company's pre-restructuring work is progressing in an orderly manner. Please pay attention to subsequent announcements regarding the progress of the company's pre-restructuring matters. The company has currently been applied for restructuring by creditors. The company being applied for restructuring does not mean that the court will ultimately accept the company's restructuring application. Whether the company enters the restructuring procedure is still uncertain. Regardless of whether the company enters the restructuring procedure, the company will actively manage its daily production and operation work on the existing basis. If the company subsequently receives the court's document accepting the restructuring application, the company will promptly fulfill its information disclosure obligations. As of the date of this announcement, the company has not yet received the relevant legal documents from the court regarding the acceptance of the restructuring application. According to Article 9.4.1 (IX) of the "Shenzhen Stock Exchange Stock Listing Rules," if the court rules to accept the creditor's restructuring application, the Shenzhen Stock Exchange will impose 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 creditor's restructuring application and the restructuring is successfully implemented, it will help improve the company's asset-liability structure.
The company's health development, but also the legal process of bankruptcy and restructuring, and the subsequent impact of the company's stock price. If the company is declared bankrupt, its stock may face the risk of termination of listing.
(IV) The company's stock has been delisted due to the company's bankruptcy and restructuring, and other risks. Investors are kindly reminded to pay attention to investment risks.
- Basic Situation of Pre-Restructuring
On December 6, 2025, Zhejiang Bangjie Holding Group Co., Ltd. (hereinafter referred to as "the Company" or "Bangjie Stock") was notified by the Hangzhou Intermediate People's Court that it had received an application for pre-restructuring (publicly disclosed in the "Announcement on the Application for Pre-Restructuring by Creditors" (Announcement No.: 2025-117) by Suzhou Kaiyuan Light Industry Co., Ltd. and others). The court decided to initiate pre-restructuring procedures for the company and appointed Zhejiang Jingheng Law Firm and Beijing Golden Du (Hangzhou) Law Firm (hereinafter referred to as "the Interim Administrator") as the interim administrators of the company's pre-restructuring.
On January 8, 2026, the company disclosed the "Announcement on the Application for Claims in Pre-Restructuring" (Announcement No.: 2026-003) and the "Announcement on Public Recruitment of Restructuring Investors" (Announcement No.: 2026-004). The Interim Administrator carried out pre