Great Wall International Acg Co.Ltd(000835) : Announcement on the convening of the second creditors’ meeting in the pre reorganization stage of Great Wall animation

Great Wall International Acg Co.Ltd(000835) temporary Manager

On the second creditors’ meeting in the pre reorganization stage of Great Wall animation

Announcement of convening

Lin Guan FA Zi No. 023 Great Wall International Acg Co.Ltd(000835) and all creditors:

According to the application of Great Wall International Acg Co.Ltd(000835) (hereinafter referred to as “Great Wall animation” or “the company”), Xiamen intermediate people’s Court of Fujian Province (hereinafter referred to as “Xiamen intermediate people’s court”) made (2021) min 02 Po Yu No. 2 notice on August 12, 2021 and decided to register the pre reorganization of the company. On October 13, 2021, Xiamen intermediate people’s court made (2021) min 02 Po Yu No. 2 notice In the decision, Beijing Jingshi law firm was appointed as the temporary manager of the company in the pre reorganization stage.

At 10 a.m. on December 22, 2021, under the auspices of the temporary administrator, the second creditors’ meeting of Great Wall animation in the pre reorganization stage was held online through the website “Xiamen bankruptcy court bankruptcy case assistance system” and the wechat applet “Xiamen bankruptcy court intelligent trial assistance system”. The main venue was located in the conference room on the 17th floor of Xiamen first square, No. 2 Lujiang Road, Siming District, Xiamen. The meeting was attended by 16 creditors online, and representatives of employees and debtors attended the meeting as nonvoting delegates. There were four agenda items:

1、 The temporary manager shall make the interim manager’s periodic work report;

2、 Deliberating and pre voting on the draft Great Wall International Acg Co.Ltd(000835) reorganization plan;

3、 The temporary administrator shall make a report on the registration and preliminary examination of creditor’s rights and submit it to the creditor’s meeting for verification of creditor’s rights;

4、 The debtor’s representative and the temporary manager accept the creditor’s inquiry.

The interim manager’s periodic work report introduces the progress of pre reorganization, and the interim manager and the company are actively promoting pre reorganization and reorganization.

Pre voting of Great Wall International Acg Co.Ltd(000835) draft reorganization plan:

During the online meeting, a total of 11 creditors participated in the pre voting, of which 9 “agreed”, 1 “opposed” and 1 “abstained”. Before the meeting, the provisional administrator received a total of pre voting votes submitted by 30 creditors, all of which were “agreed”, of which 2 creditors voted repeatedly. So far, the temporary manager has received 37 “yes” votes, 1 “no” vote and 1 “abstention” vote. The creditor’s rights represented by 37 creditors who voted “yes” accounted for 15.62% of the total creditor’s rights of the group, the creditor’s rights represented by one creditor who voted “no” accounted for 1.23% of the total creditor’s rights of the group, and the creditor’s rights represented by one creditor who voted “abstention” accounted for 3.79% of the total creditor’s rights of the group.

Because some creditors were unable to complete the internal approval procedures within the original pre voting period and applied to the temporary manager for extension of the pre voting, in order to fully respect and protect the rights and interests of creditors and ensure the fairness and stability of the pre voting results, the pre voting of the second creditors’ meeting in the pre reorganization stage of Great Wall animation was postponed to 20:30 on December 29, 2021, The temporary manager will continue to follow up the situation related to the subsequent extension of pre voting and publicize it. The report on the registration and preliminary examination of creditor’s rights introduces the examination of creditor’s rights:

The review of creditor’s rights has been basically completed. As of December 20, 2021, the temporary manager has received 76 creditor’s rights registration, involving 74 creditors, and the total amount of registered creditor’s rights is 1284898679.44 yuan. Among them, 48 claims were confirmed, and the amount of confirmed claims was 952091427.18 yuan; 12 claims were deferred, and the amount of deferred claims was 211610624.08 yuan; 16 claims were not confirmed, and the amount of claims was 82919416.38 yuan.

At the meeting, after the temporary manager makes the report on creditor’s rights registration and preliminary examination, he shall submit it to the creditor’s meeting for verification of creditor’s rights, and submit the creditor’s rights verification form to the temporary manager. The temporary manager will continue to follow up the follow-up creditors to feed back the relevant information of creditor’s rights verification opinions and make it public. Risk tips:

1. According to the guidelines for pre reorganization of enterprise bankruptcy cases of Xiamen intermediate people’s court, the voting opinions of creditors and investors in the pre voting decision, the written opinions issued on the draft reorganization plan and the Agreement included in the draft reorganization plan shall be binding on the people’s court after accepting the company’s reorganization application according to law. 2. After pre voting or soliciting written opinions, if the proportion of each voting group agreeing to the draft reorganization plan reaches the provisions of paragraph 2 of Article 84 of the enterprise bankruptcy law, that is, more than half of the creditors of the same voting group attending the meeting agree to the draft reorganization plan, and the amount of debt represented by it accounts for more than two-thirds of the total debt of the group, the group shall pass the draft reorganization plan. The company will apply to the people’s court for bankruptcy reorganization, and submit the draft reorganization plan, preliminary decision, written opinions, agreement and other written materials. The temporary manager will submit a written report on the organization, consultation, drafting and voting, solicitation of opinions, agreement and review opinions. Upon examination, if the contents of the draft reorganization plan submitted when the company applies for bankruptcy reorganization comply with the provisions of Article 86 and paragraph 2 of Article 87 of the enterprise bankruptcy law, and the pre voting procedure is legal, the people’s court shall rule to approve the reorganization plan and terminate the bankruptcy reorganization procedure. The adoption of the preliminary vote on the draft reorganization plan does not mean that the reorganization plan can be implemented. The draft reorganization plan can only be implemented after being formally accepted and approved by the court.

3. Whether the company enters the reorganization procedure is still uncertain. The court’s filing and registration of the company’s pre reorganization does not constitute the acceptance of the company’s bankruptcy reorganization application, and does not mean that the company officially enters the reorganization procedure. According to relevant regulations, the reorganization of listed companies shall go through the necessary pre examination procedures; If the company needs to apply to the court for bankruptcy reorganization after pre reorganization, it shall go through the necessary formalities in accordance with the provisions. Up to now, there is still significant uncertainty about whether the company enters the reorganization procedure. The temporary manager will fully supervise the company’s daily production and operation management whether it enters the reorganization procedure or not.

It is hereby announced.

Great Wall International Acg Co.Ltd(000835) provisional administrator December 22, 2001

 

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