301030SZSE
🚨 Material Event

Announcement on the Court's Decision to Initiate the Company's Pre-Reorganization Procedure and Appoint a Temporary Administrator

*ST Shijing Co., Ltd.··4 pages

✨ AI Summary

On April 27, 2026, Suzhou Shijing Technology Co., Ltd. received a creditor's application for pre-reorganization due to its inability to repay debts. The Suzhou Intermediate People's Court approved the application, appointing a temporary administrator to oversee the process. The pre-reorganization aims to assess the company's restructuring value and feasibility, with obligations imposed on the company to maintain asset value and engage with stakeholders.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai
  1. The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
    Securities Code: 301030
    Securities Abbreviation: *ST Shijing
    Announcement No.: 2026-040

Overview of the Court's Acceptance of the Pre-Reorganization Application

On April 27, 2026, Suzhou Shijing Technology Co., Ltd. (hereinafter referred to as "the Company" or "the Debtor") received a notice from creditor Changshu Shanmu Electric Co., Ltd., applying for pre-reorganization on the grounds that the Company cannot repay its due debts and is clearly lacking repayment capability, but has restructuring value. The application was submitted to the Suzhou Intermediate People's Court (hereinafter referred to as "Suzhou Intermediate Court" or "the Court"). For details, please refer to the Company's announcement on April 27, 2026, titled "Notice of Creditor's Application for Pre-Reorganization" (Announcement No.: 2026-019). On June 5, 2026, the Company received the Court's decision [((2026) Su 05 Po Shen 18)] to initiate pre-reorganization for the Debtor, with the following specifics:

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.