SSI(SZ:002742) Shang Hai Zheng Quan Bao·2025-09-25 20:42Core Viewpoint - Chongqing Sansheng Industrial Co., Ltd. is undergoing a restructuring process, leading to a delay in the board of directors' re-election and the management of the company [1][2][4]. Group 1: Board of Directors and Management - The current term of the fifth board of directors and the supervisory board will expire on September 29, 2025, and the company will not establish a supervisory board during the restructuring [1]. - The election of the new board members is postponed to ensure continuity in the restructuring process, with current members continuing their duties until the election is completed [1][2]. Group 2: Restructuring Process - The company received a court ruling on August 8, 2025, accepting its restructuring application and appointing management firms to oversee the process [4][5]. - The first creditors' meeting was held on September 25, 2025, to discuss various reports and proposals related to the restructuring [6][7]. - A total of 2.386 billion RMB in debt claims were submitted, with 2.063 billion RMB preliminarily confirmed, and 68 million RMB classified as subordinate debt [9].