Fujian Start Group Co.Ltd(600734)
Turnaround Plan
Fujian Start Group Co.Ltd(600734)
December 27, 2001
catalogue
interpretation...... 2 PREFACE 8 summary 10 I. Basic information of Shida group 12 II. Equity adjustment plan of the investor 20 III. creditor's rights classification scheme 22 IV. debt adjustment and repayment plan 24 v. asset disposal 26 VI. business plan 28 VII. Effectiveness of reorganization plan 30 VIII. Implementation of reorganization plan 9. Supervision of the implementation of the reorganization plan 35 X. other explanatory matters thirty-six
interpretation
Unless otherwise specified in this reorganization plan, the following terms have the following meanings:
Fujian Start Group Co.Ltd(600734) reorganization "reorganization plan" means
Plan
"Shida group", "company", "listed company" or "debt" refers to Fujian Start Group Co.Ltd(600734) person "," Fuzhou intermediate people's court "or" court "refers to Fuzhou intermediate people's Court of Fujian Province
Where the provisions of Article 44 of the bankruptcy law are met, "creditor" refers to
One, some or all creditors of Shida group, Beijing Airport FTSE International Real Estate Investment Co., Ltd. "airport company" refers to
company
The temporary manager of Shida group agreed by Fuzhou intermediate people's court refers to the manager and the manager of Shida group designated by Fuzhou intermediate people's court
"Big data company" or "industry" refers to Fujian big data Co., Ltd. and its designated enterprises
"Investor" and other subjects
Quzhou dongkun Technology Service Center (limited partnership), "Quzhou dongkun and other 11 Cai Beijing Huaxia Yuance Asset Management Co., Ltd., Wang Wu investors" or "financial investment refers to Shan, Zhou Yingfei, Xu Xiuyun, Zheng Liuying, Huang Langren" Feng, Liu langying, lengxia, Wu Min, Lin Qiang and other entities designated by them
Big data company, Quzhou dongkun Technology Service Center (limited partnership), Beijing Huaxia Yuance Asset Management Co., Ltd., Wang Shan, Zhou Yingfei, Xu Xiuyun, "restructured investor" refers to
Zheng Liuying, Huang Langfeng, Liu langying, lengxia, Wu Min, Lin Qiang, and other entities designated by the above entities
"Beijing angzhan" means Beijing angzhan Technology Development Co., Ltd
"Tengxingwangda" refers to Dalian tengxingwangda Enterprise Management Co., Ltd. "Xingchuang Electronics" refers to Zhengzhou HANGGANG Xingchuang Electronics Co., Ltd
"Shenzhen Xingfei" refers to Shenzhen Xingfei Technology Co., Ltd
"Zhongke RONGTONG" refers to Zhongke RONGTONG IOT technology Wuxi Co., Ltd
"Xingyun big data" refers to Fujian Xingyun big data application service Co., Ltd
The "appraisal institution" entrusted by Shida group and the manager for Shida refers to Zoomlion asset appraisal group Co., Ltd., which provides asset appraisal services for the group reorganization
"Bankruptcy law" means the enterprise bankruptcy law of the people's Republic of China, which came into force on June 1, 2007
"Shanghai Stock Exchange" means Shanghai Stock Exchange
"China Securities Depository and Clearing Co., Ltd. Shanghai Branch" refers to
Shanghai Branch
"Property secured creditor's rights" in Item 1, paragraph 1, Article 82 of the bankruptcy law refers to the creditor's rights that have a security right over the debtor's specific property
"Secured property" refers to the specific property of the debtor with mortgage / pledge guarantee
"Ordinary creditor's rights" in Item 4, paragraph 1, Article 82 of the bankruptcy law refers to the ordinary creditor's rights enjoyed by the creditor against the debtor
"Employee creditor's rights" refers to Item 2, paragraph 1, Article 82 of the bankruptcy law
The wages, medical and disability subsidies and pension expenses owed by the debtor to the employees, the expenses of basic old-age insurance and basic medical insurance that should be transferred to the employees' personal accounts, and the compensation that should be paid to the employees according to laws and administrative regulations
"Tax claims" in Item 3, paragraph 1, Article 82 of the bankruptcy law refers to
The amount of tax owed by the debtor
"Late inferior creditor's rights" declared by the creditor according to the effective legal instrument refers to
Debt interest during deferred performance
The "market value report" of Fujian Shida Group Co., Ltd. [2021] No. 4031 issued by the appraisal institution refers to the asset evaluation report of the asset market value evaluation project involved in Fujian Start Group Co.Ltd(600734) involved in the company's proposed bankruptcy reorganization, and the "liquidation value report" issued by the appraisal institution refers to Fujian Start Group Co.Ltd(600734) No. 4032 Assets involved in Fujian Start Group Co.Ltd(600734) proposed bankruptcy reorganization
The asset appraisal report of the liquidation value appraisal project has been declared to the manager and reviewed by the manager according to law
Check the recognized creditor's rights
It has been reported to the manager, but as of the date of submission of the reorganization plan, due to pending litigation and the need to supplement evidence, "claims to be confirmed" refers to
Creditor's rights that have not been examined and determined by the manager due to material and other reasons
The "unconfirmed creditor's right" refers to the debt that is not confirmed in full after being reviewed by the manager
power
"The book record is undeclared, but the book record of debt Shida group is recorded but not reported to the manager
Creditor's rights declared by "right"
Refers to the "shares" or "shares" listed and traded by Shida group on the main board of Shanghai Stock Exchange
Stock
According to the investor's equity adjustment plan specified in the reorganization plan, based on the total share capital of Shida group, "converted shares" refers to
Number of shares / shares converted from capital reserve
"Equity registration date" means December 20, 2021
"Investor" or "shareholder" registered in China securities after the closing of the stock market on the equity registration date refers to all / individual shareholders of the company registered in Shanghai Branch
According to paragraph 2 of Article 85 and paragraph 1 of Article 86 of the bankruptcy law, the "adoption of the reorganization plan" of each voting group refers to the adoption of the draft reorganization plan (the investor group adopts the investor's equity adjustment plan)
According to paragraph 2 of Article 86 of the bankruptcy law or "approval of reorganization plan" refers to paragraph 3 of Article 87, the reorganization plan has been approved by Fuzhou intermediate people's court
According to Article 90 of the bankruptcy law, the "supervision period for the implementation of the reorganization plan"
Means the "manager supervised restructuring limit" specified in the reorganization plan
Time limit for implementation
RMB yuan, the monetary unit in this reorganization plan except "Yuan" refers to
Unless otherwise specified, it is RMB
preface
Shida group is a limited liability company whose shares are listed on the main board of Shanghai Stock Exchange. Its core business includes mobile intelligent terminal business, mobile intelligent terminal supporting battery power business and Internet of things perimeter security business. Since the fourth quarter of 2018, due to the dual pressure of financial institutions to collect loans and repay due debts, the lack of operating liquidity has plunged Shida group and its core subsidiaries into a serious debt crisis, seriously affecting the normal production and operation. Due to the negative audited net profit of Shida group in 2018 and 2019, losses for two consecutive years and negative audited net assets in 2019, the delisting risk warning of the company's shares was implemented on June 16, 2020; As the company's net assets at the end of 2020 are still negative, the company's shares continue to be subject to delisting risk warning. Therefore, Shida group shares face the risk of being delisted.
As Shida group is unable to pay off its due debts and obviously lacks solvency, upon the application of the creditor airport company, Fuzhou intermediate people's court agreed to start the pre reorganization of Shida group on March 31, 2021, with Shanghai Fangda law firm as the temporary manager to organize and carry out the pre reorganization guidance; On November 26, 2021, it ruled to accept the reorganization case of Shida group and appointed Shanghai Fangda law firm as the manager of Shida group to be responsible for all work during the reorganization.
As the first IT enterprise listed on China's A-share market, the restructuring of Shida group has received high attention and strong support from governments at all levels, courts and relevant departments
