Changyao Group(SZ:300391) Zheng Quan Shi Bao Wang·2025-12-31 12:00Core Viewpoint - *ST Changyao (300391) is undergoing significant changes in its restructuring process, with investors requesting to terminate the restructuring investment agreement and the appointment of a new management team for the bankruptcy case [1] Group 1: Restructuring Developments - The company has received letters from restructuring investors, including Sichuan Jiadaobowen Ecological Technology Co., Ltd. and Hefei Dangge Changhong Venture Capital Partnership (Limited Partnership), requesting the termination of the restructuring investment agreement [1] - The temporary management has informed all relevant restructuring investors and the company about the intention to terminate the restructuring investment agreement and return the investment deposit as per the agreement [1] Group 2: Legal Proceedings - On December 30, the company received a decision from the Intermediate People's Court of Shiyan City, Hubei Province, regarding the resignation of the original management team, Shanghai Jintiancheng Law Firm [1] - The court has decided to relieve Shanghai Jintiancheng Law Firm from its role as the manager of the substantive merger restructuring case involving Changjiangxing and six other companies, appointing Beijing Tianda Gonghe (Wuhan) Law Firm as the new manager, with Liu Jun as the responsible manager [1]