SSI(SZ:002742) Shang Hai Zheng Quan Bao·2025-08-10 18:54Core Viewpoint - Chongqing Sansheng Industrial Co., Ltd. has received a court ruling to accept its restructuring application, which will lead to the implementation of additional delisting risk warnings for its stock trading [2][3][15]. Group 1: Court Ruling and Restructuring Process - On August 8, 2025, Chongqing Sansheng received a civil ruling from the Chongqing Fifth Intermediate People's Court, accepting the company's restructuring application [2][5]. - The court has appointed Beijing King & Wood Mallesons (Shenzhen) Law Firm and Xinyong Zhonghe Accounting Firm (Special General Partnership) as the management team for the restructuring, with Li Kai as the responsible person [2][8]. - The company has been in a state of insolvency, unable to pay its debts, which justified the court's decision to accept the restructuring application [6][7]. Group 2: Stock Trading and Risk Warnings - The company's stock will be subject to additional delisting risk warnings starting August 11, 2025, with a daily price fluctuation limit of 5% [3][15]. - The stock trading will not be suspended during the restructuring process, and the company will disclose the progress of the restructuring in stages [16][19]. Group 3: Pre-restructuring Activities - The company has completed pre-restructuring registration with the court and has engaged in various activities, including debt verification and asset investigation, with the assistance of the pre-restructuring advisory team [4][9]. - A restructuring plan has been drafted and approved by the creditors and shareholders during the pre-restructuring phase [4][10]. Group 4: Management Responsibilities - The appointed management team is responsible for overseeing the company's assets, managing daily operations, and representing the company in legal proceedings [8][9]. - The management team will also ensure compliance with the court's directives and maintain communication with creditors [8][9]. Group 5: Future Implications - Successful completion of the restructuring plan could improve the company's financial structure and operational status, promoting sustainable development [19]. - If the restructuring fails, the company may face bankruptcy and delisting risks [19].