Shenzhen Bestek Technology Co., Ltd. announces that its subsidiary, Suzhou Kemu Electric Appliance Co., Ltd., has been ruled bankrupt by the court. The company had previously fully provisioned for receivables from Suzhou Kemu. The bankruptcy will not be included in the consolidated financial statements from January 6, 2026, with the final impact on profits to be determined by the liquidation results.
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Shenzhen Bestek Technology Co., Ltd.
Announcement on the Ruling of Bankruptcy and Liquidation of a Wholly-Owned Subsidiary by the Court
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
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