天宜新材：法院指定预重整期间临时管理人

Core Viewpoint - Tianyi New Materials announced that on November 26, 2025, the Beijing First Intermediate Court appointed Beijing Haiwen Law Firm as the temporary administrator during the company's pre-restructuring period, led by Zhang Jianjian [1] Group 1: Restructuring Process - The company's ability to enter the restructuring process remains uncertain, and if the court accepts the restructuring application, the Shanghai Stock Exchange will implement a delisting risk warning for the company's stock [1] - A successful restructuring could improve the company's situation, while failure could lead to bankruptcy and termination of listing [1] Group 2: Financial Condition - The company currently has limited debt repayment capacity and is facing a cash shortage, with some bank accounts frozen and several lawsuits unresolved, which may impact the progress of fundraising projects [1]