CIH(SH:600715) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-09 22:43Group 1 - The company announced that its subsidiary, Beiwentou Cultural Investment Nanjing Co., Ltd., is unable to repay its debts and will apply for bankruptcy liquidation [2][3] - On October 25, 2024, the Beijing First Intermediate People's Court accepted the bankruptcy liquidation application and appointed a manager for Beiwentou Nanjing [3] - The first creditors' meeting for the bankruptcy case was held on November 26, 2024, where a property management and disposal plan was approved [4] Group 2 - The company plans to dispose of its core asset, the Jinniu Lake project land, through government compensation to maximize the value of the debtor's assets [4] - On December 30, 2024, the company approved the bankruptcy property distribution plan during its board meeting [4] - The first batch of debt repayment cash distribution was completed, with the company receiving approximately 41.88 million yuan [5] Group 3 - The bankruptcy procedure for Beiwentou Nanjing was concluded as per the court's ruling, which stated that the bankruptcy distribution plan had been executed [6][7] - The conclusion of the bankruptcy procedure will not significantly impact the company's daily operations [7] - The company will continue to monitor the situation and fulfill its information disclosure obligations [7]