Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) : civil ruling

Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) : Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) civil ruling applicant: Jiangyin building decoration products factory, domicile: Group 8, Tongyun village, Chengjiang Town, Jiangyin City. Applicant: No. 78, Jiangyin Avenue, Jiangyin City. Legal representative: Jiang Daqing, chairman of the company. Entrusted agent ad litem: Gu Jingjuan, an employee of the company. On November 5, 2021, the applicant Jiangyin architectural decoration products Co., Ltd. (hereinafter referred to as “architectural decoration factory”) applied for reorganization of Chengxing shares on the ground that Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) (hereinafter referred to as “Chengxing shares”) could not pay off its due debts and its assets were insufficient to pay off all debts. On January 7, 2022, Cangxing applied for settlement on the grounds that it could not pay off its due debts and its assets were insufficient to pay off all debts or it was obviously lack of solvency. On March 11, 2022, Chengxing submitted a draft settlement agreement. On March 11, 2022, the construction and decoration factory said that it had no objection to the application for Chengxing share settlement, and the court accepted the settlement of Chengxing share as its agreement to withdraw the application for reorganization of Chengxing share