LAT(SZ:000697) Shang Hai Zheng Quan Bao·2025-05-09 20:59Group 1 - The company submitted a reorganization and pre-reorganization application to the Chengdu Intermediate People's Court on May 9, 2025, and the court has accepted the materials, with the case number (2025) Chuan 01 Po Shen 19 [2][3] - The approval of the reorganization and pre-reorganization application by the court is uncertain, and if accepted, the company's stock will face delisting risk warnings [2][4] - If the reorganization is successful, it will help mitigate debt risks and improve the company's asset-liability structure [4] Group 2 - The court's decision to proceed with pre-reorganization does not mean the company has officially entered the reorganization process [4] - If the company fails to submit a reorganization plan on time or if the plan is not approved by the court, the reorganization process may be terminated, leading to potential bankruptcy [4][7] - The company will actively communicate with the court and relevant government departments to advance the necessary work [4]