Guangdong Quanwei Technology Co., Ltd.
Announcement on the Application for Restructuring of a Holding Subsidiary
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
Due to the impact of external market factors in the photovoltaic industry, Guangdong Quanwei Technology Co., Ltd. (hereinafter referred to as the Company) holding subsidiaries Shandong Quanwei New Energy Technology Co., Ltd. (hereinafter referred to as Shandong Quanwei) and Anhui Quanwei Green Energy New Energy Technology Co., Ltd. (hereinafter referred to as Anhui Quanwei) have been in a state of continuous loss for the past three years. As of December 31, 2025, the above two holding subsidiaries are unable to repay their debts due to insufficient funds and operational difficulties. Shandong Quanwei has already fallen into a state of insolvency.
Given that Shandong Quanwei and Anhui Quanwei still have restructuring value, in order to effectively resolve the debt crisis and revitalize existing resources, after research by the Company's management and deliberation and approval at the 46th meeting of the Fourth Board of Directors, it is proposed to agree that Shandong Quanwei and Anhui Quanwei will apply to the People's Court (hereinafter referred to as the "Court") for restructuring. Shareholders' meeting is requested to authorize Ms. Chu Yifan, Chairman of Shandong Quanwei, or her designated representative, and Mr. Zhang Qingfeng, Executive Director of Anhui Quanwei, or his designated representative, to coordinate relevant matters related to restructuring within the scope permitted by laws and regulations, sign relevant legal documents, and handle the application procedures.
I. Basic Information of the Applicant
(I) Shandong Quanwei
- Basic Company Information
Company Name: Shandong Quanwei New Energy Technology Co., Ltd.
Unified Social Credit Code: 91370402MABM1Y4E5Q
Address: No. 1599, Changjiang 7th Road, Shizhong District, Zaozhuang City, Shandong Province
Type: Other Limited Liability Company
Legal Representative: Zhang Qingfeng
Registered Capital: RMB 136 million