AURORA(SH:600666) Zheng Quan Zhi Xing·2025-07-14 16:10Core Viewpoint - Aorui De Optoelectronics Co., Ltd. has approved the bankruptcy liquidation application of its wholly-owned subsidiary, Qitaihe Aorui De Optoelectronics Technology Co., Ltd., due to severe insolvency issues, aiming to protect the rights and interests of the company and its shareholders [2][4]. Summary by Sections Bankruptcy Liquidation Application - On October 21, 2024, the company's board of directors approved the proposal for Qitaihe Aorui De to apply for bankruptcy liquidation, citing insufficient assets to cover all debts and a clear lack of repayment capability [2][4]. - The application for bankruptcy liquidation was accepted by the Qitaihe Intermediate People's Court on June 23, 2025, under civil ruling number (2025) Hei 09 Po Shen 2 [3][4]. Management and Reporting - As of July 14, 2025, Qitaihe Aorui De has been taken over by the management appointed by the court, Heilongjiang Haitian Qingcheng Law Firm, and will no longer be included in the company's consolidated financial statements [3][4]. Impact on Company Operations - The bankruptcy liquidation of Qitaihe Aorui De will not affect the existing business operations of Aorui De Optoelectronics [3][4]. - The impact of the bankruptcy liquidation on the company's current and future profits remains uncertain, with the final effect to be determined by the outcomes of the liquidation process and subsequent audits [3][4].