Securities code: 002766 securities abbreviation: * ST soling Announcement No.: 2021-083 Shenzhen Soling Industrial Co.Ltd(002766) Manager
About the court’s ruling approving the wholly-owned subsidiary Guangdong soling Electronic Technology Co., Ltd
Announcement of reorganization plan
The manager, the company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
On December 27, 2021, Shenzhen intermediate people’s Court (hereinafter referred to as “Shenzhen intermediate people’s court” or “the court”) ruled to approve the reorganization plan of Guangdong soling Electronic Technology Co., Ltd. and terminate Guangdong soling Electronic Technology Co., Ltd. (hereinafter referred to as “Guangdong soling”), a wholly-owned subsidiary of Shenzhen Soling Industrial Co.Ltd(002766) (hereinafter referred to as “soling shares” or “the company”) ）Reorganization procedure. The relevant information is hereby announced as follows:
1、 The court ruled to approve Guangdong soling’s reorganization plan and terminate the reorganization proceedings
On November 26, 2021, Shenzhen intermediate people’s court ruled to accept the reorganization case of Guangdong soling, a wholly-owned subsidiary of soling shares, Beijing Jindu (Shenzhen) law firm was appointed as the manager of the company. For details, see the announcement on the court’s ruling to accept the reorganization of Guangdong soling Electronic Technology Co., Ltd., a wholly-owned subsidiary (Announcement No.: 2021-058) and the announcement on receiving the decision of the court to appoint the manager of Guangdong soling Electronic Technology Co., Ltd., a wholly-owned subsidiary (Announcement No.: 2021-060).
The first creditors’ meeting of Guangdong soling was held on the national enterprise bankruptcy reorganization case information network at 16:00 p.m. on December 27, 2021（ http://pccz.court.gov.cn. ）The first creditors’ meeting was held with only property secured creditor’s rights group and ordinary creditor’s rights group, The reorganization plan (Draft) of Guangdong soling Electronic Technology Co., Ltd. was voted and adopted. For the convening of the first creditor meeting of Guangdong soling, see the announcement on the convening of the first creditor meeting of the wholly-owned subsidiary Guangdong soling Electronic Technology Co., Ltd. (Announcement No.: 2021-082) disclosed on the same day.
According to the provisions of Article 86 of the enterprise bankruptcy law of the people’s Republic of China (hereinafter referred to as the “enterprise bankruptcy law”), the manager of Guangdong soling submitted to the Shenzhen intermediate people’s court for ruling and approval on December 27, 2021
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Report of the. On December 27, 2021, the manager of Guangdong soling received the civil ruling No. (2021) Yue 03 Po 598 of Shenzhen intermediate people’s court, ruled to approve the reorganization plan of Guangdong soling and terminate the reorganization procedure of Guangdong soling.
2、 Main contents of civil ruling
The court considers that the application of the administrator complies with the provisions of the law, and the court approves it. According to the provisions of articles 82, 84 and 86 of the enterprise bankruptcy law of the people’s Republic of China, the ruling is as follows:
1、 Approve the reorganization plan of Guangdong soling Electronic Technology Co., Ltd. (see the annex for the contents of the reorganization plan); II. Terminate the reorganization procedures of Guangdong soling Electronic Technology Co., Ltd.
This ruling shall take effect from the date of making.
3、 Impact of Shenzhen intermediate people’s court’s ruling approving Guangdong soling’s reorganization plan on the company
1. After Shenzhen intermediate people’s court ruled to approve Guangdong soling’s reorganization plan, Guangdong soling entered the implementation period of the reorganization plan, Guangdong soling was responsible for implementing the reorganization plan, and Guangdong soling’s manager was responsible for supervising the implementation of the reorganization plan. 2. According to the creditor’s rights classification, adjustment and settlement plan and business plan of Guangdong soling’s reorganization plan, the implementation of the reorganization plan such as debt settlement by Guangdong soling will have an impact on the company’s net assets and net profit in 2021 under the consolidated caliber. The specific data shall be subject to the audited financial statement data.
4、 Risk tips
1. The court has ruled to terminate the reorganization procedure of Guangdong soling, and Guangdong soling has entered the implementation stage of the reorganization plan. Guangdong soling is an important wholly-owned subsidiary of soling. Soling holds 100% equity of Guangdong soling. It is uncertain whether Guangdong soling can complete the reorganization plan. According to the relevant provisions of the enterprise bankruptcy law, if the reorganization plan of Guangdong soling fails to be implemented and the reorganization of Guangdong soling fails, Guangdong soling will be declared bankrupt and liquidated by the court. If Guangdong soling is declared bankrupt and liquidated by the court, it will have a significant impact on the company’s long-term equity investment.
2. If Guangdong soling successfully implements the reorganization and completes the reorganization plan, it will help to optimize the company’s asset liability structure and improve the company’s sustainable operation and profitability. The manager and the company will continue to pay attention to the progress of Guangdong soling reorganization case and disclose the progress of relevant matters in a timely manner. 5、 Documents for future reference
Civil ruling of Shenzhen intermediate people’s Court (2021) Yue 03 Po No. 598-1.
follow-up, The manager will timely perform the obligation of information disclosure in accordance with the relevant provisions and requirements of the stock listing rules of Shenzhen Stock Exchange (revised 2020). The manager and the company solemnly remind the majority of investors: China Securities News, Shanghai Securities News, securities daily and Juchao information network (www.cn. Info. Com.. CN.) is the information disclosure media designated by the company. All information of the company shall be subject to the information published in the above designated media. It is hereby announced.
Shenzhen Soling Industrial Co.Ltd(002766) administrator December 28, 2021
