杉杉股份: 杉杉股份关于控股股东及其全资子公司实质合并重整案第一次债权人会议表决结果的公告

Core Viewpoint - Ningbo Shanshan Co., Ltd. is undergoing a substantial merger and restructuring process involving its controlling shareholder, Shanshan Group, and its wholly-owned subsidiary, Ningbo Pengze Trading Co., Ltd. The first creditors' meeting was held to discuss the formation of a creditors' committee and related proposals [1][4]. Group 1: Creditors' Committee Formation - The creditors' committee will consist of up to seven members, including the meeting chair and a representative of employees, with five additional seats filled by representatives from specific creditor groups [1][3]. - The meeting resulted in the approval of candidates for the creditors' committee, with 130 creditors supporting the nomination of Industrial Bank Co., Ltd. Ningbo Branch, representing 89.19% of the voting creditors [2][3]. - The meeting also approved the establishment of an investor selection group composed of authorized representatives from five major creditors and representatives from local financial authorities [3]. Group 2: Meeting Procedures and Voting - The creditors' meeting adopted rules for the committee's proceedings to ensure effective decision-making and oversight [2][3]. - A proposal to hold future creditors' meetings and voting in a non-physical format was also approved, aimed at reducing costs and improving efficiency [3][4]. - The resolutions passed at the meeting require a majority vote from creditors present, representing more than half of the total unsecured debt [3]. Group 3: Company Status and Shareholding - As of May 19, 2025, Shanshan Group holds 320,296,700 shares of the company, accounting for 14.21% of total equity, while Pengze Trading holds 205,264,756 shares, representing 9.11% [4]. - The shares held by both Shanshan Group and Pengze Trading are subject to significant pledges and judicial freezes, indicating potential risks to their control over the company [4][5]. - The restructuring process does not currently impact the company's normal operations, and the company maintains independent business capabilities [4].