Maiquer Group Co., Ltd.
Announcement on Creditor's Application for Company Liquidation
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Important Content and Special Risk Warning:
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Maiquer Group Co., Ltd. (hereinafter referred to as the "Company" or "Maiquer Shares") recently received a notice from its creditor, Guangzhou Minghui Machinery Co., Ltd. (hereinafter referred to as "Minghui Machinery" or the "Applicant"), that it will apply to the Intermediate People's Court of Changji Hui Autonomous Prefecture (hereinafter referred to as "Changji Prefecture Court" or the "Court") for the liquidation of the Company.
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On January 28, 2026, the Company issued the "Notice Regarding Creditor's Application for Company Liquidation," stating that "Minghui Machinery applied to the Intermediate People's Court of Changji Hui Autonomous Prefecture (hereinafter referred to as 'Changji Prefecture Court' or the 'Court') for the liquidation of the Company." On February 7, 2026, the Company issued the "Notice Regarding the Court's Ruling to Reject the Creditor's Application for Company Liquidation," stating that "The People's Court of Changji Prefecture ruled to reject the application by the applicant Guangzhou Minghui Machinery Co., Ltd. for the liquidation of the applicant Maiquer Group Co., Ltd."
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As of the disclosure date of this announcement, the Company has not received any ruling from the court regarding the applicant's application for company liquidation. The Company's Board of Directors will cooperate with the court to research and demonstrate whether the Company meets the conditions for liquidation. The Company's current production and operation activities are normal and have not reached the statutory conditions for bankruptcy stipulated in the "Enterprise Bankruptcy Law of the People's Republic of China" of "assets are insufficient to pay off all debts" or "obvious lack of solvency."
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It remains highly uncertain whether the Company will enter bankruptcy liquidation proceedings. According to Article 9.4.1, Item 9 of the "Shenzhen Stock Exchange Stock Listing Rules (2025 Revision)," if the court legally accepts the Company's bankruptcy liquidation application, the Company's stock may be subject to a delisting risk warning by the Shenzhen Stock Exchange.
I. Overview of the Bankruptcy Liquidation Application
Recently, the Company learned that its creditor Minghui Machinery applied to the Changji Prefecture Court for the liquidation of the Company.