Announcement on the Public Recruitment and Selection of Restructuring Investors by Huayi Brothers Media Co., Ltd.
The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
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On April 15, 2026, Huayi Brothers Media Co., Ltd. (hereinafter referred to as "the Company" or "Huayi Brothers") received a notification letter from creditor Beijing Tairui Feike Technology Co., Ltd. (hereinafter referred to as "the Applicant"), stating that the Company is unable to repay its due debts and is clearly lacking repayment ability, but has restructuring value. The Applicant applied to the Intermediate People's Court of Jinhua City, Zhejiang Province (hereinafter referred to as "Jinhua Intermediate Court" or "the Court") for a ruling to initiate restructuring proceedings for the Company and requested a pre-restructuring process. For details, please refer to the Company's announcement on April 15, 2026, titled "Notice on the Application for Restructuring and Pre-restructuring by Creditors" (Announcement No. 2026-013).
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On April 23, 2026, the Jinhua Intermediate Court issued the Decision No. (2026) Zhe 07 Po Shen 2, deciding to initiate pre-restructuring for the Company and appointed Beijing Zhonglun (Shanghai) Law Firm and Zhejiang Zhiren Law Firm as the temporary managers (hereinafter referred to as "the Temporary Managers") responsible for carrying out various tasks. For details, please refer to the Company's announcement on April 23, 2026, titled "Announcement on the Court's Decision to Initiate Pre-restructuring for the Company and Appoint Temporary Managers" (Announcement No. 2026-015).
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The Temporary Managers have issued a notice regarding the declaration of claims for the Company's pre-restructuring in accordance with relevant laws and regulations. For details, please refer to the Company's announcement on April 27, 2026, titled "Announcement on the Declaration of Claims for the Company's Pre-restructuring" (Announcement No. 2026-016).
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To ascertain whether the Company has restructuring value and potential during the pre-restructuring period, and to provide important basis for introducing restructuring investors and formulating pre-restructuring plans, the Temporary Managers intend to publicly recruit auditing and evaluation institutions to provide auditing and evaluation services for the Company's pre-restructuring case, in accordance with Article 28 of the Enterprise Bankruptcy Law of the People's Republic of China and relevant provisions. For details, please refer to the Company's announcement on April 30, 2026, titled "Announcement on the Public Recruitment of Auditing and Evaluation Institutions for the Company's Pre-restructuring" (Announcement No. 2026-032).
On May 18, 2026, the Temporary Managers organized a review meeting for auditing and evaluation institutions for the Huayi Brothers pre-restructuring case. The review results have been published on the National Enterprise Bankruptcy Restructuring Case Information Network. To smoothly advance the Company's pre-restructuring process, orderly resolve the Company's debt crisis, restore and enhance the Company's sustainable operation and profitability, and protect the legitimate rights and interests of creditors, employees, and a wide range of small and medium investors, the Temporary Managers have decided to publicly recruit and select restructuring investors after reporting to the Jinhua Intermediate Court. The relevant matters are announced as follows:
I. Company Overview
Huayi Brothers was established on November 19, 2004, and is listed on the Shenzhen Stock Exchange's Growth Enterprise Market (stock code: 300027). The registered capital is 2,774,505,919 RMB, with its registered address at C1-001, Hengdian Film Industry Experimental Zone, Dongyang City, Zhejiang Province. The unified social credit code is 91330000768691187H, and the legal representative is Wang Zhongjun. The main business is film and television investment, production, and distribution.