ZHENGBANG TECHNOLOGY(SZ:002157) Shang Hai Zheng Quan Bao·2025-09-05 21:49Core Viewpoint - Jiangxi Zhengbang Technology Co., Ltd. announced that its subsidiary, Liaoning Chaoyang Zhengbang Ecological Agriculture Co., Ltd., has entered a restructuring process as per the court's decision, which may impact the company's assets and profits [2][3][7]. Group 1: Court Decision and Restructuring - On September 4, 2025, the Chaoyang Intermediate People's Court accepted the restructuring application filed by creditor Zhang Xiuchun against Chaoyang Zhengbang [2][3]. - The court appointed Beijing Qinglv (Shanghai) Law Firm as the restructuring manager for Chaoyang Zhengbang [6]. - The restructuring was initiated due to Chaoyang Zhengbang's inability to repay due debts and its lack of repayment capacity, although it possesses high restructuring value [3][4]. Group 2: Financial Situation of Chaoyang Zhengbang - As of December 31, 2024, Chaoyang Zhengbang had total assets of 332.23 million yuan, total liabilities of 459.77 million yuan, and a net asset deficit of 127.54 million yuan [5]. - For the year 2024, the company reported revenue of 197,900 yuan and a net loss of 5.09 million yuan [5]. - By June 30, 2025, the total assets were reported at 318.70 million yuan, with total liabilities of 469.49 million yuan and a net asset deficit of 150.79 million yuan [5]. Group 3: Responsibilities of the Restructuring Manager - The restructuring manager is responsible for managing the debtor's assets, investigating the financial status, and making decisions regarding the debtor's operations and expenditures [6]. - The manager must report to the court and is subject to supervision by the creditors' meeting and committee [6]. Group 4: Potential Impact of Restructuring - Successful restructuring of Chaoyang Zhengbang could improve its asset-liability structure and enhance operational management [7]. - The company will continue to monitor the situation and fulfill its information disclosure obligations as required [7].