Securities Code: 301030 Securities Abbreviation: *ST Shi Jing Announcement No.: 2026-042
Suzhou Shi Jing Technology Co., Ltd. Announcement on the Court's Decision to Initiate Pre-Restructuring for a Subsidiary and Appoint Provisional Administrator
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or major omissions.
Special Reminders:
- Anhui Shi Jing Solar Technology Co., Ltd. (hereinafter referred to as "Shi Jing Solar"), a subsidiary of Suzhou Shi Jing Technology Co., Ltd. (hereinafter referred to as "*ST Shi Jing" or "the Company"), received a "Decision" (No. (2026) Wan 1881 Po Shen 1) from the Ningguo City People's Court (hereinafter referred to as "Ningguo City People's Court") on June 9, 2026, deciding to initiate pre-restructuring for Shi Jing Solar. On the same day, Shi Jing Solar received a "Notice" (No. (2026) Wan 1881 Po Shen 1-2) from the Ningguo City People's Court, appointing Anhui Ningxin Bankruptcy Liquidation Affairs Co., Ltd. as the provisional administrator.
- Shi Jing Solar is a subsidiary of *ST Shi Jing. The initiation of pre-restructuring proceedings for Shi Jing Solar means that whether it can subsequently enter restructuring proceedings and whether the restructuring can be successful is uncertain. Investors are advised to make prudent decisions and pay attention to investment risks.
I. Overview of the Court's Decision to Initiate Pre-Restructuring for Shi Jing Solar
The Company was notified by Shi Jing Solar that Shi Jing Solar received a "Decision" (No. (2026) Wan 1881 Po Shen 1) from the Ningguo City People's Court, deciding to initiate pre-restructuring for Shi Jing Solar. On the same day, Shi Jing Solar received a "Notice" (No. (2026) Wan 1881 Po Shen 1-2) from the Ningguo City People's Court, appointing Anhui Ningxin Bankruptcy Liquidation Affairs Co., Ltd. as the provisional administrator. The main contents are as follows:
(I) Brief Introduction of the Pre-Restructuring Application
- Basic Information of the Applicant Applicant: Xuzhou Xin Fuwei Chemical Co., Ltd. (hereinafter referred to as "Xin Fuwei Company") Registered Address: No. 4, Xincheng 1st Lane, Laokuang Street, Jiawang District, Xuzhou City, Jiangsu Province Unified Social Credit Code: 91320305MAC2G9G55N
The application states: The applicant, Xin Fuwei Company, applies for pre-restructuring of Shi Jing Solar on the grounds that Shi Jing Solar is unable to pay its due debts and clearly lacks solvency, but can be revitalized through restructuring to generate operating income, possessing high restructuring value, and thus applies to the Ningguo City People's Court for pre-restructuring of Shi Jing Solar.
- Basic Information of the Respondent Company Name: Anhui Shi Jing Solar Technology Co., Ltd. Date of Establishment: January 3, 2023 Registered Address: Xing Sheng Road, Heliu Industrial Park, Xuancheng City, Ningguo City, Anhui Province Legal Representative: Liu Taiyu Registered Capital: RMB 500,000,000