Zhangjiajie announced that the company received a “Notice” and “Decision” from the Zhangjiajie Intermediate People's Court of Hunan Province. The applicant, Zhangjiajie Bochen Construction Engineering Co., Ltd. applied to the court to restructure the company on the grounds that the company was unable to pay its maturing debts and clearly lacked solvency, and also applied for pre-restructuring the company. The court decided to initiate pre-restructuring of the company and appointed the liquidation team of Zhangjiajie Tourism Group Co., Ltd. as the temporary manager of the pre-restructuring. The company has yet to receive documents from the court to accept the restructuring application, and there is uncertainty about whether it can enter into the restructuring. If the court decides to accept the restructuring application, the company's shares will be subject to a delisting risk warning; if the restructuring fails and is declared bankrupt, the company's shares will face the risk of the listing being terminated.

Zhangjiajie announced that the company received a “Notice” and “Decision” from the Zhangjiajie Intermediate People's Court of Hunan Province. The applicant, Zhangjiajie Bochen Construction Engineering Co., Ltd. applied to the court to restructure the company on the grounds that the company was unable to pay its maturing debts and clearly lacked solvency, and also applied for pre-restructuring the company. The court decided to initiate pre-restructuring of the company and appointed the liquidation team of Zhangjiajie Tourism Group Co., Ltd. as the temporary manager of the pre-restructuring. The company has yet to receive documents from the court to accept the restructuring application, and there is uncertainty about whether it can enter into the restructuring. If the court decides to accept the restructuring application, the company's shares will be subject to a delisting risk warning; if the restructuring fails and is declared bankrupt, the company's shares will face the risk of the listing being terminated.