Shenzhen Luguan Technology Co., Ltd. (hereinafter referred to as "the Company" or "Luguan Technology") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
- There is uncertainty regarding whether the pre-restructuring investment plan can be approved by the creditors' meeting or by the Shenzhen Intermediate People's Court.
- If Zhongzhi Real Estate (Shenzhen) Co., Ltd.'s pre-restructuring plan requires the Company to fulfill other approval procedures during the implementation phase, there is uncertainty regarding whether these procedures can be approved.
Overview of Pre-restructuring
Zhongzhi Real Estate (Shenzhen) Co., Ltd. (hereinafter referred to as "Zhongzhi Real Estate" or "Zhongzhi") is the applicant for the urban renewal project of the industrial plant in Yuanfen Village, Longhua District, Shenzhen. In order to further optimize its overall strategic planning and based on the Company's actual situation, Luguan Technology plans to use its own funds to participate in the pre-restructuring of Zhongzhi Real Estate, aiming to acquire 100% of its equity and to assume its land use rights and other major assets and interests through this transaction (hereinafter referred to as "this transaction").
On November 29, 2024, the Shenzhen Intermediate People's Court (hereinafter referred to as "Shenzhen Intermediate Court") issued decision No. (2024) Yue 03 Po Shen 1020, deciding to initiate pre-restructuring for Zhongzhi Real Estate and appointing Shenzhen Jinda'an Liquidation Co., Ltd. and Beijing Tianda Gonghe (Shenzhen) Law Firm as the pre-restructuring managers (hereinafter referred to as "pre-restructuring managers" or "managers").
On March 28, 2025, the pre-restructuring managers, in accordance with the "Guidelines for the Shenzhen Intermediate People's Court's Handling of Enterprise Restructuring Cases (Trial Implementation)" and other regulations, reported to the Shenzhen Intermediate Court and issued the "Announcement on the Public Recruitment and Selection of Restructuring Investors for Zhongzhi Real Estate (Shenzhen) Co., Ltd." to publicly recruit and select restructuring investors for Zhongzhi Real Estate.
On May 14, 2025, the Company held the seventh meeting of the second Board of Directors, which reviewed and approved the "Proposal on Participating in the Pre-restructuring of Zhongzhi Real Estate (Shenzhen) Co., Ltd." and agreed for the Company to participate as a restructuring investor in the public recruitment of Zhongzhi Real Estate's pre-restructuring investors, aiming to legally acquire 100% of Zhongzhi Real Estate's equity and ultimately achieve the goal of self-building office and operational premises on the land it holds. The management was authorized to organize and participate in the selection of investors, due diligence, and preparation of the pre-restructuring investment plan. For specific details, please refer to the announcement disclosed by the Company on May 14, 2025, on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No.: 2025-017).