Stock Code: 300477
Stock Abbreviation: ST Hualong
Announcement Number: 2026-041
Hualong Technology Co., Ltd.
Announcement on Company's Application for Restructuring and Pre-Restructuring by Creditor
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or material omissions.
Key Information Prompt:
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On July 24, 2026, Hualong Technology Co., Ltd. (hereinafter referred to as the "Company") received a "Notice on Application for Bankruptcy Restructuring and Pre-Restructuring of Hualong Technology Co., Ltd." from its creditor Jiangsu Weituoli Electric Power Engineering Technology Co., Ltd. (hereinafter referred to as "Jiangsu Weituoli" or the "Applicant"). The Applicant submitted an application to the Beijing First Intermediate People's Court (hereinafter referred to as the "Beijing First Intermediate Court" or the "Court") for the Company's restructuring and pre-restructuring, stating that the Company is unable to repay its due debts and clearly lacks solvency but possesses restructuring value. On the same day, the Company received a "Notice" from the Beijing First Intermediate Court, informing the Company that Jiangsu Weituoli had applied to the court for restructuring and pre-restructuring in its capacity as a creditor.
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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, and whether the Company will enter into pre-restructuring and restructuring proceedings, are still uncertain. The success of pre-restructuring or restructuring is also uncertain. Even if the court decides to initiate pre-restructuring, it does not mean that the Company has officially entered into restructuring proceedings. During the pre-restructuring proceedings, the court will review whether to accept the restructuring application in accordance with the law, and whether the Company can enter into restructuring proceedings is still uncertain. The Company will promptly disclose the progress of relevant matters, and investors are advised to pay attention to investment risks.
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If the court rules to accept the Company's restructuring application, the Company will cooperate with the court and the administrator in carrying out relevant restructuring work in accordance with the law and fulfill its legal obligations as a debtor. According to the relevant provisions of the "Shenzhen Stock Exchange GEM Stock Listing Rules," if the court rules to accept the Company's restructuring application, the Shenzhen Stock Exchange will implement a delisting risk warning for the Company's stock.
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If the court officially decides to initiate pre-restructuring proceedings for the Company, and if the Company subsequently enters into restructuring proceedings and the restructuring is successfully completed, it will be beneficial to optimize the Company's asset-liability structure and enhance its sustainable operating capacity, helping the Company recover its healthy development status. If the restructuring fails, the Company will be at 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 delisting. Investors are advised to pay attention to investment risks.