Stock Code: 300477 Stock Abbreviation: ST Hezhong Announcement No.: 2026-042
Hezhong Technology Co., Ltd.
Special Self-Inspection Announcement Regarding Creditor's Application for Reorganization and Pre-reorganization
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or material omissions.
Hezhong Technology Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Prompt Announcement Regarding the Company Being Subject to a Creditor's Application for Reorganization and Pre-reorganization" on the Juchao Information Network (www.cninfo.com.cn) on July 24, 2026. The Company's creditor, Jiangsu Weituoli Electric Power Engineering Technology Co., Ltd. (hereinafter referred to as 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 reorganization and pre-reorganization of the Company, on the grounds that the Company is unable to repay due debts and clearly lacks solvency but possesses reorganization value. There is uncertainty as to whether the Company can enter the pre-reorganization process. Regardless of whether the Company enters the pre-reorganization process, it will continue to actively manage its daily production and operations on the existing basis.
In accordance with the "Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange," the "Shenzhen Stock Exchange Guidelines for Self-Regulation of Listed Companies No. 14 — Bankruptcy Reorganization and Other Matters," and other relevant regulations, the Company has conducted a comprehensive self-inspection regarding matters such as whether it is involved in behaviors subject to mandatory delisting by the Shenzhen Stock Exchange, misappropriation of funds by controlling shareholders, actual controllers, and other related parties, external guarantees, and the fulfillment of commitments. The results of the self-inspection are announced as follows:
I. Whether there are any major illegal acts in areas such as national security, public safety, ecological safety, production safety, and public health safety that may lead to the potential termination of the Company's stock listing
As of the disclosure date of this announcement, the Company is not involved in any major illegal acts in areas such as national security, public safety, ecological safety, production safety, and public health safety that would lead to the potential termination of the Company's stock listing.
II. Whether there are any major illegal acts involving fraudulent issuance, major information disclosure violations, or other serious damage to securities market order that may lead to the potential termination of the Company's stock listing
As of the disclosure date of this announcement, the Company is not involved in any major illegal acts involving fraudulent issuance, major information disclosure violations, or other serious damage to securities market order that would lead to the potential termination of the Company's stock listing.
III. Whether there are any major defects in information disclosure or standardized operations that may lead to the potential termination of the Company's stock listing
As of the disclosure date of this announcement, the Company has no major defects in information disclosure or standardized operations that would lead to the potential termination of the Company's stock listing.
IV. Non-operating misappropriation of the Company's funds by the controlling shareholder, actual controller, and other related parties, and solutions
As of the disclosure date of this announcement, no non-operating misappropriation of the Company's funds by the controlling shareholder, actual controller, or other related parties has been discovered.
V. Illegal external guarantees by the Company and solutions
As of the disclosure date of this announcement, no illegal external guarantees by the Company have been discovered.
VI. Outstanding commitments and solutions of the Company, controlling shareholder, actual controller, and other related parties