HDHM(SZ:002685) Zheng Quan Zhi Xing·2025-06-20 11:24Group 1 - Wuxi East Heavy Machinery Co., Ltd. announced that its subsidiary Wuxi East Photovoltaic Technology Co., Ltd. is undergoing reorganization as per the court's acceptance of the creditor's application [1][2] - The court appointed Jiangsu Juhesin Law Firm as the administrator for Wuxi East Photovoltaic, while a liquidation team was designated for Xuzhou Photovoltaic Technology Co., Ltd. [1][2] - The management team for Xuzhou Photovoltaic includes key officials from the Peixian Economic Development Zone, indicating a structured approach to the reorganization process [2] Group 2 - The management's responsibilities include diligent execution of duties, reporting to the court, and being supervised by the creditors' meeting [2] - The company aims to stabilize its other business operations while addressing risks associated with its photovoltaic segment [2][3] - Successful implementation of the reorganization plan is expected to optimize the debt structure of Wuxi and Xuzhou Photovoltaic, thereby protecting the interests of small investors [3]