Group 1 - The company Shanghai Sanmao announced the convening of temporary board meetings on November 4, 2024, and February 17, 2025, to review the bankruptcy liquidation matters of its subsidiaries, Shanghai Yitiao Textile Co., Ltd. and Shanghai Jiayi Venture Investment Co., Ltd. [1] - The bankruptcy liquidation process for Shanghai Yitiao Textile Co., Ltd. has been completed as of the announcement date [1]. - The court has accepted the company's bankruptcy liquidation application for Jiayi Company, but a bankruptcy administrator has not yet been appointed [1]. Group 2 - Once the court appoints a bankruptcy administrator for Jiayi Company, the company will lose control over it and will no longer consolidate it into its financial statements [1].
上海三毛:关于子公司破产清算事项的进展公告