Backgammon Commercial Chain Co., Ltd.’s announcement on reorganization progress and risk prompts

Source: Securities Daily

  Stocks abbreviation:*ST Building High Stock Code: 002251 Announcement Number: 2024-033

  All members of the company and the board of directors guarantee the authenticity, accuracy and completeness of the announcement, and there are no false records, misleading statements or major omissions.

  On October 26, 2023, the Xiangtan City Intermediate People’s Court (hereinafter referred to as “Xiangtan Middle Court” or “Court”) ruled that Long Brand Food Co., Ltd.”) Reorganization application.On November 8, 2023, the company received the (2023) Xiang 03 Xiang 03 Break 16-1 “Decision Book” from Xiangtan Intermediate Court.For details, please refer to the “Announcement on the Court’s Ruling to Accept the Reorganization of the Company” (announcement number: 2023-089) and the “Announcement on the Court of Designated Managers and Mastery to Manage their own property and business affairs” (Announcement Number: 2023-096).According to the relevant provisions of the “Shenzhen Stock Exchange Stock Listing Rules” (hereinafter referred to as the “Listing Rules”), the announcement of the relevant matters of the company’s reorganization is as follows.

  1. Reorganization progress

  (1) Stop execution, relieve preservation, delete the information of the person who is executed by the dishonesty, and lift the restrictions on consumer measures

  According to the “Enterprise Bankruptcy Law of the People’s Republic of China” (hereinafter referred to as the “Enterprise bankruptcy law”), after the people’s court accepts the application for bankruptcy, the preservation measures for the property of the debtor’s property shall be terminated and the implementation procedures shall be suspended.After the reorganization, the Xiangtan Intermediate People’s Court and the manager sent the relevant letters to the relevant courts to the relevant courts. Letter the relevant courts ask the court to suspend the execution, relieve preservation, and delete the dishonesty of the executive information according to law.As of April 12, 2024, relevant courts have deleted all the information of the person who have been dishonested by Backgammon High shares and lifted frozen measures for 136 bank accounts.In addition, the manager sent relevant letters to 40 courts to negotiate with relevant courts to terminate the restrictions on consumer consumption measures for BBG and related subsidiaries and its legal representatives.

  (2) Continue to promote the recruitment of investors

  In order to smoothly promote the company’s reorganization work, restore and improve the continuous operation and profitability of reorganized enterprises such as BBC High Shares, and protect and protect the rights and interests of the creditor’s fair compensation.Investors communicate.

  On April 7, 2024, investors recruited the second round of review meetings to be held smoothly. According to the principles of “selection and excellent selection and batch” of the review committee, the review committee reviewed the three industrial investors who had submitted the reorganization investment plan.After reviewing the judge committee and confirmation by the manager, it is determined that Chengdu White Rabbit has your Cultural Communication Co., Ltd. (member of the Ji Fu White Rabbit United), and China Foreign Economic and Trade Trust Co., Ltd.Elected the industry investors.For details, please refer to the “Announcement on Determining Industrial Investors and Risk Tips” (announcement number: 2024-031).The manager has issued the “Confirmation Letter” to the aforementioned enterprise, confirming the identity of its industrial investor, and is organizing the company to conduct negotiation and signing of the specific terms of the reorganization investment agreement, and strive to sign the reorganization investment agreement as soon as possible.

  After determining the first batch of industrial investors, the manager and the company continued to negotiate with financial investors who had paid a deposit on the investment conditions and asked them to submit a complete reorganization investment plan after the update.Plan, determine the selection of financial investors as soon as possible.In addition, in addition to the aforementioned industry investors, managers and companies communicate with other potential industrial investors simultaneously. At present, two potential industrial investors have submitted their registration materials and have paid margin.If these industrial investors submitted investment plans before submitting the draft reorganization plan, the manager will organize review as soon as possible without affecting the draft of the reorganization plan to further supplement the determination of industrial investors.

  2. Risk prompt

  According to the provisions of Article 9.4.10 of the Listing Rules, during the period of the shares of the listed company’s stock transactions, at least five trading days shall be disclosed at least five trading days that the company’s stock may be terminated may be terminated.The exchange terminates its stock listing.The relevant risks of the company are prompting the following again: as follows:

  1. The court has ruled the reorganization of the company. According to the provisions of Article 9.4.1) of the “Listing Rules”, the company’s stock transaction has been issued by the Shenzhen Stock Exchange’s delisting risk warning from the Shenzhen Stock Exchange on October 31, 2023.Except for being reorganized, the company does not have other delisting risk warning matters, nor does it involve other compulsory delisting situations. After the reorganization is completed, the company will apply for the Shenzhen Stock Exchange for revoking the delisting risk warning.It will return to normal transactions.

  2. According to the relevant provisions of the “Enterprise Bankruptcy Law”, the company still has the risk of being declared bankruptcy by the court for reorganization.If the company is declared bankrupt, according to Article 9.4.17 of the Listing Rules, the company’s shares will face the risk of terminating listing.

  The company reminds investors that the company’s designated information disclosure media are China Securities Journal, Securities Times, Shanghai Securities News, Securities Daily, and Giant Chao Information Network (website: http://www.cninfo.com.cn, all the information of the company is based on the designated media in the above -mentioned designated media. Please ask investors to decide carefully and pay attention to investment risks.

  Special announcement.

  Bo -step high commercial chain Co., Ltd. board of directors

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