新疆天业: 新疆天业股份有限公司2025年第二次临时董事会会议决议公告

Group 1 - The company held its second extraordinary board meeting of 2025 on May 21, where all 9 directors attended and approved the transfer of assets from its subsidiaries to Tianwei Chemical Co., Ltd. [2][3] - The subsidiaries involved in the asset transfer are Tianchen Chemical Co., Ltd. and Tianneng Chemical Co., Ltd., which will transfer their entire assets, liabilities, business, and personnel to Tianwei Chemical to improve operational efficiency and reduce management costs [2][3] - The asset transfer will not affect the company's consolidated financial statements, and the transaction is within the board's authority, thus not requiring shareholder approval [3] Group 2 - Xinjiang Yaoao Technology Co., Ltd., a company in which the company holds an 18.75% stake, is facing severe operational difficulties and has proposed to file for bankruptcy liquidation due to its inability to repay debts [4] - As of December 31, 2024, Yaoao Technology reported total assets of approximately 17.69 million yuan and total liabilities of approximately 797.22 million yuan, indicating a significant financial distress [4] - The company has already written down its investment in Yaoao Technology to zero and fully provided for any receivables, indicating that the bankruptcy will not impact the company's ongoing operations or pose significant risks [4]