Basic Information
Shenzhen Changfang Group Co., Ltd. (hereinafter referred to as "the Company") received a notice from creditor Shenzhen Yikuang Trading Co., Ltd. (hereinafter referred to as "the Applicant, Creditor") on March 30, 2026, informing that the Applicant applied to the Shenzhen Intermediate People's Court on March 27, 2026, for the Company to undergo restructuring due to its inability to repay due debts and a significant lack of repayment capability, although it has restructuring value. The specific content can be found in the Company's announcement titled "Notice of Creditor's Application for Restructuring and Pre-restructuring" (Announcement No. 2026-011) disclosed on March 31, 2026. On April 3, 2026, the Company disclosed a special self-examination report regarding the creditor's application for restructuring (Announcement No. 2026-014) on the Giant Tide Information Network. On April 28, 2026, the Company held the 18th meeting of the 5th Board of Directors, where it reviewed and approved the proposal for applying for out-of-court restructuring, agreeing to effectively resolve the current debt crisis through out-of-court restructuring and to apply for pre-restructuring and restructuring procedures when conditions are ripe. The specific content can be found in the Company's announcement titled "Notice of Application for Out-of-Court Restructuring" (Announcement No. 2026-034) disclosed on April 29, 2026. On May 13, 2026, the Company disclosed the announcement regarding the creditor's application for out-of-court restructuring and the agreement to recommend restructuring coordinators (Announcement No. 2026-040) on the Giant Tide Information Network. The Compa