Minkave(SZ:300506) Shang Hai Zheng Quan Bao·2025-10-21 18:38Core Viewpoint - Shenzhen Mingjia Technology Co., Ltd. has been granted permission by the Guangdong High People's Court to continue operations and manage its assets during the restructuring process, which aims to maintain operational value and protect the interests of creditors [1][2]. Group 1: Court Decision Overview - On October 9, 2025, the company applied to the Guangdong High People's Court for permission to continue operations during restructuring [2]. - The court's decision on October 20, 2025, allows the company to operate under the supervision of a manager, as it has maintained its business activities and governance structure [2]. - The court noted that there were no indications of asset concealment or transfer that would harm creditors' interests, thus supporting the company's ability to manage its affairs effectively [2]. Group 2: Information Disclosure - The company's board of directors is responsible for information disclosure, with the board secretary being Li Hairong [3]. - The company will actively cooperate with the court and the manager during the restructuring process and fulfill its information disclosure obligations in a timely manner [4]. Group 3: Risks and Warnings - The company's stock has been subject to risk warnings due to significant uncertainties regarding its ability to continue as a going concern, as indicated in the 2024 audit report [5]. - Following the court's acceptance of the restructuring application, the company's stock is now under delisting risk warning [5][6]. - If the restructuring fails, there is a risk of bankruptcy and potential termination of the company's stock listing [6].