YAGUANG
Stock Code: 300123
Stock Abbreviation: ST Yaguang
Announcement Number: 2026-041
Yaguang Technology Group Co., Ltd.
Announcement on Public Recruitment and Selection of Restructuring Investors
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 Notice:
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Yaguang Technology Group Co., Ltd. (hereinafter referred to as "Yaguang Technology" or "the Company") is conducting this out-of-court restructuring to ascertain the Company's restructuring value and feasibility, reduce restructuring costs, improve restructuring efficiency, and lay the foundation for a potential subsequent restructuring procedure. This does not signify the Company's entry into a restructuring procedure. As of the disclosure date of this announcement, there is uncertainty regarding whether the Company's restructuring will be accepted by the court and whether it will subsequently enter a restructuring procedure. Investors are kindly advised to pay attention to investment risks.
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The recruitment of restructuring investors is uncertain, and there is a possibility that qualified restructuring investors may not be recruited.
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According to the relevant provisions of the "Shenzhen Stock Exchange GEM Stock Listing Rules," if the court rules to accept the Company's restructuring, the Shenzhen Stock Exchange will implement a delisting risk warning on the Company's stock.
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If the court subsequently accepts the Company's restructuring and the restructuring fails, the Company faces the risk of being declared bankrupt. If the Company is declared bankrupt, according to the relevant provisions of the "Shenzhen Stock Exchange GEM Stock Listing Rules," the Company's stock will face the risk of termination of listing. Investors are kindly advised to pay attention to investment risks.
To resolve debt issues and overcome liquidity difficulties, the Company is implementing an out-of-court restructuring. The Yuanjiang Municipal People's Government has established a risk resolution task force for Yaguang Technology and a liquidation group for Yaguang Technology to support Yaguang Technology in carrying out out-of-court restructuring work in accordance with laws and regulations. Please refer to the "Announcement on the Company's Intention to Initially Implement Out-of-Court Restructuring" (Announcement Number: 2026-035) disclosed by the Company on April 30, 2026. The Yuanjiang Municipal People's Government has designated the Yaguang Technology Liquidation Group as the auxiliary institution for the Company's out-of-court restructuring (hereinafter referred to as the "Auxiliary Institution"). Under the supervision and guidance of the Auxiliary Institution, the Company will independently carry out inventory, recruitment of restructuring investors, negotiation with relevant parties, maintenance of daily operations, independent management of property and business affairs, and formulation of the out-of-court restructuring plan. Recently, the Company has initiated the process of creditor claims declaration during the out-of-court restructuring period. Please refer to the "Announcement on Creditor Claims Declaration for the Company's Out-of-Court Restructuring" (Announcement Number: 2026-038) disclosed by the Company on May 25, 2026.
To lawfully and orderly advance the out-of-court restructuring work, prudently resolve the Company's debt issues, restore and enhance the Company's sustainable operation and profitability, achieve resource integration, and protect and safeguard the repayment rights and interests of creditors, in accordance with the "Enterprise Bankruptcy Law of the People's Republic of China,"
"Several Opinions of the Supreme People's Court on the Trial of Bankruptcy Cases of Courts," "Several Opinions of the Supreme People's Court on Effectively Trying Cases of Bankruptcy Reorganization of Listed Companies," and other relevant regulations, the Company will, under the supervision and guidance of the Auxiliary Institution, publicly recruit and select Yaguang Technology restructuring investors (hereinafter referred to as "This Recruitment"). The announcement regarding the relevant matters of this recruitment is as follows: