Cross-border Communications issued an announcement of abnormal fluctuations in stock trading. After self-inspection, the company did not violate fair disclosure of information. On May 12, 2023, the company received a “Notice Letter” from the applicant Yin Jie. The applicant applied to the Taiyuan Intermediate Court for restructuring the company on May 10, 2023, on the grounds that the company was unable to pay its maturing debts and clearly lacked solvency, but still had restructuring value, and also applied for pre-restructuring registration. As of the disclosure date of this announcement, the company has not received any notice or ruling from the Taiyuan Intermediate Court on the applicant's application for company restructuring and pre-restructuring matters. There is still significant uncertainty about whether the applicant's application will be accepted by the court and whether the company will enter into pre-restructuring and reorganization procedures.

Cross-border Communications issued an announcement of abnormal fluctuations in stock trading. After self-inspection, the company did not violate fair disclosure of information. On May 12, 2023, the company received a “Notice Letter” from the applicant Yin Jie. The applicant applied to the Taiyuan Intermediate Court for restructuring the company on May 10, 2023, on the grounds that the company was unable to pay its maturing debts and clearly lacked solvency, but still had restructuring value, and also applied for pre-restructuring registration. As of the disclosure date of this announcement, the company has not received any notice or ruling from the Taiyuan Intermediate Court on the applicant's application for company restructuring and pre-restructuring matters. There is still significant uncertainty about whether the applicant's application will be accepted by the court and whether the company will enter into pre-restructuring and reorganization procedures.