Core Viewpoint - Tianhai Low Temperature has been declared bankrupt by the Beijing High People's Court, with a management team appointed to oversee the liquidation process [1] Group 1: Bankruptcy Announcement - The Beijing High People's Court accepted the bankruptcy liquidation case of Tianhai Low Temperature on November 28, 2025 [1] - Beijing Tianda Gonghe Law Firm has been appointed as the administrator for Tianhai Low Temperature [1] Group 2: Responsibilities of the Administrator - The administrator is responsible for taking control of the debtor's assets, seals, and financial documents [2] - The administrator must investigate the debtor's financial status and prepare a report on the financial condition [2] - The administrator has the authority to manage the debtor's internal affairs and decide on necessary expenditures [2] Group 3: Impact on the Company - The company holds a 75% stake in Tianhai Low Temperature through its wholly-owned subsidiary, Beijing Tianhai Industrial Co., Ltd [2] - The bankruptcy liquidation of Tianhai Low Temperature is not expected to have a significant impact on the company's existing business [2] - Tianhai Low Temperature will no longer be included in the company's consolidated financial statements, and the impact on current and future profits remains uncertain [2]
京城机电股份(00187.HK)附属天海低温收到法院指定管理人决定书