DEREN(SZ:002055) Shang Hai Zheng Quan Bao·2025-08-05 17:53Core Viewpoint - The company announced that its subsidiary, Meta System S.p.A., has applied for creditor composition proceedings in Italy, which has been approved by the Bologna court, leading to the initiation of a liquidation process due to the inability to achieve its business objectives [1][2]. Group 1: Company Actions - The company’s board approved the proposal for Meta to apply for creditor composition proceedings on December 27, 2024, and the application was subsequently submitted and approved by the court [1]. - The company has been disclosing the progress of Meta's creditor composition proceedings through various announcements since December 28, 2024 [1]. Group 2: Current Status of Meta - Meta has completed the transfer and delivery of its assets, business, and personnel, and is no longer capable of production and operation, leading to the decision for liquidation [2]. - The company has recognized the loss of control over Meta and has accounted for impairment provisions in accordance with accounting standards, indicating that the liquidation process is not expected to have a significant impact on the company's financial status [2]. Group 3: Future Implications - The liquidation of Meta will not affect the ongoing creditor composition proceedings, which will continue to progress normally [3]. - The company will keep monitoring the situation and fulfill its information disclosure obligations through designated media [3].