Ju Chao Zi Xun·2025-11-04 08:17Core Viewpoint - TCL Technology is involved in the bankruptcy reorganization of Shanshan Group and its subsidiary, with recent developments indicating that the proposed reorganization plan was not approved by the creditors' meeting [1][3]. Group 1: Company Involvement - TCL Technology recognizes the long-term development potential of Shanshan Co., and through its investment partnership, it has joined other investors to participate in the reorganization process [3]. - The reorganization investment involves a partnership with Jiangsu Xinyangzi Trading Co., Jiangsu Xinyang Ship Investment Co., and China Orient Asset Management Co., Shenzhen Branch, culminating in the signing of a reorganization investment agreement on September 29, 2025 [3]. Group 2: Reorganization Challenges - The recent creditors' meeting held on October 21, 2025, did not approve the proposed reorganization plan, indicating ongoing negotiations regarding debt repayment and future operational plans [4]. - The uncertainty surrounding the approval of the reorganization plan by the creditors' meeting and the court poses significant challenges for TCL Technology's investment strategy [3][4].