Shang Hai Zheng Quan Bao·2025-08-12 19:57Group 1 - The company received a notification regarding the takeover of its subsidiary, Cheyin Intelligent Technology Co., Ltd., which has been applied for bankruptcy liquidation by Boyan Technology Co., Ltd. [1] - The Shenzhen Intermediate People's Court has accepted the bankruptcy liquidation application and appointed a manager for Cheyin Intelligent [1][5] - Cheyin Intelligent has failed to repay debts amounting to approximately 922,900 RMB to Boyan Technology, which led to the bankruptcy application [1][5] Group 2 - Cheyin Intelligent's overall business has ceased, and the bankruptcy liquidation is not expected to have a significant impact on the company's operations or restructuring [5] - Following the court's acceptance of the bankruptcy application, the company will lose control over Cheyin Intelligent, which will no longer be included in the consolidated financial statements [5] - The company has provided financial support totaling 84.6 million RMB to Cheyin Intelligent, with additional guarantees amounting to approximately 50.3 million RMB and 63.97 million RMB for related entities, which remain unrecovered [5]