ST张家界：法院裁定受理重整，股票将被叠加实施退市风险警示

Core Viewpoint - ST Zhangjiajie has been accepted for reorganization by the court, which poses risks of bankruptcy and delisting for the company [1] Group 1: Court Decision and Reorganization - On November 3, 2025, the company received a court ruling accepting its reorganization application and appointed a liquidation team as the reorganization manager [1] - During the pre-reorganization period, the company completed creditor claims declaration and review, recruitment and selection of reorganization investors, and audit evaluation [1] - The results of the pre-reorganization work will be used after the reorganization is accepted [1] Group 2: Stock Market Impact - Due to the court's decision to accept the reorganization, the company's stock will be suspended for one day on November 4, 2025, and will resume trading on November 5, 2025, with a risk warning for delisting [1] - The stock abbreviation will change to "*ST Zhang Stock," with a trading limit of 5% [1] Group 3: Risks - There is a risk of reorganization failure leading to bankruptcy and termination of stock listing [1]