300716SZSE
🚨 Material Event

Announcement on Receipt of Pre-restructuring Acceptance Notice and Designation of Pre-restructuring Administrator

*ST Quanwei Co., Ltd.··3 pages

✨ AI Summary

Guangdong Quanwei Technology Co., Ltd. has received a pre-restructuring acceptance notice from the Dongguan Intermediate People's Court, which has appointed Guangdong Shangkuan Law Firm as the pre-restructuring administrator. The pre-restructuring period is set for six months, with a possible three-month extension. The company faces uncertainties regarding formal acceptance of its restructuring application and potential bankruptcy risks if the restructuring fails.

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Full Translation

AI Translation· azure_openai

Securities Code: 300716

Securities Abbreviation: *ST Quanwei

Announcement Number: 2026-60

Guangdong Quanwei Technology Co., Ltd. announces the receipt of the pre-restructuring acceptance notice and the designation of the pre-restructuring administrator. The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder:

  1. On June 3, 2026, the company received the pre-restructuring acceptance notice and decision (2026) Yue 19 Po Shen 38 from the Dongguan Intermediate People's Court (hereinafter referred to as Dongguan Intermediate Court). The court decided to initiate pre-restructuring for the company based on the bankruptcy restructuring application filed by creditor Qingdao Taishang Qingyang Supply Chain Management Co., Ltd. The court has appointed Guangdong Shangkuan Law Firm as the pre-restructuring administrator. The pre-restructuring period is six months from the date of delivery of the acceptance notice, and it may be extended by three months upon the administrator's application for justified reasons.

  2. The Dongguan Intermediate Court's decision to initiate pre-restructuring does not represent formal acceptance of the company's restructuring application. As of the date of this announcement, the company has not received formal acceptance documents from the Dongguan Intermediate Court regarding the restructuring matter, and there is uncertainty regarding whether the creditor's restructuring application will be formally accepted by the court and whether the company can enter the restructuring process. The company still faces the risk of being declared bankrupt due to restructuring failure. If the company is declared bankrupt, it will undergo bankruptcy liquidation, and its stock may be delisted. Investors are advised to pay attention to the risks.

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