300237SZSE
🚨 Material Event

Announcement on Progress of Repayment of Certain Overdue Debts

ST Meichen Co., Ltd.··2 pages

✨ AI Summary

The company announces progress on repaying overdue debts, having settled 43.96% of the overdue principal, totaling 3,600.00 million yuan. Some creditors have initiated court enforcement. The company plans to improve cash flow through business expansion, asset disposal, and financing.

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Full Translation

AI Translation· gemini_document

Securities Code: 300237

Securities Abbreviation: ST Mei Chen

Announcement No.: 2026-053

Shandong Mei Chen Technology Group Co., Ltd.

Announcement on Progress of Repayment of Certain Overdue Debts

The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.

Shandong Mei Chen Technology Group Co., Ltd. (hereinafter referred to as the "Company") has experienced a continuous decline in performance in its landscaping business in recent years, with significant difficulties in project payment collection. Some originally planned project funds have not been received as scheduled, leading to temporary liquidity strain for some subsidiaries. A few subsidiaries have encountered situations where certain debts could not be repaid on time. For specific details, please refer to the "Announcement on Overdue Debts and Progress of Overdue Debts of Some Subsidiaries" disclosed by the Company on the Juchao Information Network (Announcement No.: 2025-063).

I. Progress of Previously Disclosed Overdue Debts

As of the disclosure date of this announcement, the Company has repaid some of its overdue debts.

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