301606SZSE
🚨 Material Event

Announcement on Progress of Participation in the Restructuring of Zhongzhi Property (Shenzhen) Co., Ltd.

Ugreen Group Limited··3 pages

✨ AI Summary

Shenzhen Green Union Technology Co., Ltd. announces progress in its participation in the pre-restructuring of Zhongzhi Property (Shenzhen) Co., Ltd. The company was confirmed as the restructuring investor. The court has approved the restructuring plan and terminated the restructuring proceedings. Risks related to further approvals and completion time remain.

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Full Translation

AI Translation· gemini_document

The company and the board of directors guarantee the authenticity, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.

Special Note:

If the implementation phase of the Zhongzhi Property (Shenzhen) Co., Ltd. restructuring plan requires other approval procedures, whether these approval procedures can be passed remains uncertain.

I. Overview of Restructuring Situation

Zhongzhi Property (Shenzhen) Co., Ltd. (hereinafter referred to as "Zhongzhi Property" or "Zhongzhi Company") is the applicant for the urban renewal project of Yuanfen Village Industrial Factory in Longhua District, Shenzhen. In order to further optimize its overall strategic planning and based on the company's actual situation, Shenzhen Green Union Technology Co., Ltd. (hereinafter referred to as "the Company," "Green Union Technology," or "the Investor") plans to use its own funds to register and participate in the pre-restructuring of Zhongzhi Property, acquire 100% of its equity, and undertake its land use rights and other major assets and rights and interests (hereinafter referred to as "this Transaction") through holding Zhongzhi Property's equity.

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