300178SZSE

Announcement on the Rejection of the Appeal by the Guangdong High Court Regarding the Restructuring Application of the Controlling Shareholder

Tengbang Holdings·May 19, 2022·3 pages

✨ AI Summary

This announcement informs that the Guangdong High Court rejected the appeal from the controlling shareholder, Tengbang Group, against a restructuring application. The court's final decision, dated May 19, 2022, maintains the original ruling that denied the restructuring. Tengbang Group holds 17.45% of the company's shares, with a significant portion pledged and frozen. The company assures that its operations remain unaffected.

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Full Translation

AI Translation· azure_openai

Announcement on the Rejection of the Appeal by the Guangdong High Court Regarding the Restructuring Application of the Controlling Shareholder

Securities Code: 300178
Securities Abbreviation: *ST Tengbang
Announcement Number: 2022-100

Tengbang International Commercial Services Group Co., Ltd. (hereinafter referred to as "Tengbang International" or "the Company") announces that its controlling shareholder, Tengbang Group Co., Ltd. (hereinafter referred to as "Tengbang Group"), received the Civil Ruling No. (2022) Yue Po Zhong 41 from the Guangdong High People's Court (hereinafter referred to as "Guangdong High Court") on May 19, 2022. The court rejected the appeal filed by Lianri Zhaoyao against the bankruptcy restructuring application of Tengbang Group, maintaining the original ruling. Investors are advised to invest rationally and be aware of risks.

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