Securities Code: 300068
Securities Abbreviation: ST Nandu
Announcement Number: 2026-068
Zhejiang Nandu Power Supply Co., Ltd.
Announcement Regarding Creditor's Application for Pre-Restructuring and Restructuring
The Company and the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and contains no false representations, misleading statements, or material omissions.
Special Reminder:
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On July 8, 2026, Zhejiang Nandu Power Supply Co., Ltd. (hereinafter referred to as the "Company" or "Applicant") received a "Notice" from creditor Zhejiang Huazheng Energy Materials Co., Ltd. (hereinafter referred to as the "Applicant"). The Applicant, citing the Company's inability to repay due debts but possessing restructuring value, applied to the Hangzhou Intermediate People's Court (hereinafter referred to as the "Hangzhou Intermediate Court" or the "Court") for pre-restructuring and restructuring of the Company.
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As of the disclosure date of this announcement, the Company has not yet received any court documents initiating pre-restructuring or accepting the pre-restructuring application. Whether the pre-restructuring application will be accepted by the court is uncertain, as is whether the Company will enter pre-restructuring and restructuring proceedings. The success of pre-restructuring and restructuring is also uncertain. Even if the court decides to accept the pre-restructuring application, it does not mean the Company has formally entered the restructuring proceedings. During the pre-restructuring proceedings, the court will legally review whether to accept the restructuring application, and whether the Company can enter the restructuring proceedings remains uncertain. Meanwhile, regardless of whether the Company enters pre-restructuring or restructuring proceedings, it will continue to actively manage its daily operations and business on the existing basis. The Company will promptly disclose the progress of relevant matters. Investors are advised to pay attention to investment risks.
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If the court rules to accept the Company's pre-restructuring application, the Company will cooperate with the court and the administrator to carry out relevant restructuring work and fulfill its legal obligations as a debtor. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" (hereinafter referred to as the "GEM Listing Rules"), if the court rules to accept the Company's restructuring application, the Shenzhen Stock Exchange will impose a delisting risk warning on the Company's stock.
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If the court formally accepts the Applicant's pre-restructuring application for the Company, and the Company subsequently enters restructuring proceedings and successfully completes the restructuring, it will help resolve the Company's debt risks, optimize its asset-liability structure, and enhance its sustainable operating and profitability. If the restructuring fails, the Company will face the risk of being declared bankrupt. If the Company is declared bankrupt, according to the "GEM Listing Rules," its stock will face the risk of termination of listing. Investors are advised to pay attention to investment risks.
I. Overview of the Company's Application for Pre-Restructuring and Restructuring by a Creditor
On July 8, 2026, the Company received a "Notice" from the Applicant, stating that the Applicant, citing the Company's inability to repay due debts but possessing restructuring value, applied to the Hangzhou Intermediate People's Court for pre-restructuring and restructuring of the Company. The specific details are as follows:
- Basic Information of the Applicant