Guangdong Quanzhou Technology Co., Ltd. Announcement on Proposed Signing of Common Benefit Debt Financing Agreement
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
- The proposed new common benefit debt financing funds will strictly comply with the "Enterprise Bankruptcy Law" and relevant judicial interpretations for the resumption of normal operations of the company and its core subsidiaries during the pre-restructuring and restructuring periods, continuation of contracts, payment of management fees without cause, and return of unjust gains.
- Whether the proposed new common benefit debt financing funds can be recognized as common benefit debts in accordance with the "Enterprise Bankruptcy Law" and relevant judicial interpretations is uncertain.
I. Basic Situation of the Proposed Agreement
Given that the Company received the "Notice of Acceptance of Pre-Restructuring" and "Decision" (2026) Yue 19 Po Shen 38 from the Intermediate People's Court of Dongguan City, Guangdong Province on June 3, 2026, regarding the bankruptcy restructuring application filed by Qingdao Taishang Qingyang Supply Chain Management Co., Ltd., the Dongguan Intermediate People's Court decided to conduct pre-restructuring for the Company and appointed Guangdong Shangguan Law Firm as the pre-restructuring administrator to be specifically responsible for all pre-restructuring work.