浙江棒杰控股集团股份有限公司 关于子公司收到法院指定重整管理人决定书的公告

Core Viewpoint - The company and its subsidiary, Yangzhou Bangjie New Energy Technology Co., Ltd., are undergoing a pre-restructuring process due to financial difficulties, with the aim of preserving the company's value and restoring its profitability [2][6]. Group 1: Bankruptcy Restructuring Process - On September 4, 2025, the company disclosed that Yangzhou Bangjie was applied for pre-restructuring by a creditor due to its inability to repay debts and lack of repayment capacity, despite having restructuring value [2]. - On September 16, 2025, the court accepted the pre-restructuring application [2]. - On November 18, 2025, the court appointed a joint management team for the pre-restructuring phase [2]. - On November 27, 2025, the management team initiated the debt claim process for Yangzhou Bangjie [3]. - On December 11, 2025, the court allowed Yangzhou Bangjie to borrow funds during the pre-restructuring period to maintain its asset value [3]. - On February 3, 2026, the court accepted the restructuring application from the creditor [3]. Group 2: Management Responsibilities - The appointed management team is responsible for taking over the debtor's assets, investigating the financial status, and managing the debtor's internal affairs [4][5]. - The management team must report to the court and be supervised by the creditors' meeting and committee [4]. Group 3: Impact on the Company - Yangzhou Bangjie is a core subsidiary and an important platform for the company's photovoltaic business; successful restructuring could improve the company's financial structure [6]. - The financial liabilities of Yangzhou Bangjie amount to approximately 630 million yuan, with the company providing guarantees, which poses a risk of fulfilling these obligations [7]. - The company has invested 505 million yuan in Yangzhou Bangjie, which may not be recoverable due to the restructuring [7]. - The company has provided around 650 million yuan in financial support to Yangzhou Bangjie, making it a significant creditor, which could lead to risks of uncollectible receivables [7]. - The restructuring process may involve additional risks related to debt confirmation and the final restructuring plan approved by the court [7]. Group 4: Financial Performance - The company reported a projected net asset of between -900.1551 million yuan and -600.1551 million yuan for the end of 2025, with a projected net loss of between -1.2 billion yuan and -900 million yuan for the same period [10]. - The main business segments include seamless clothing and photovoltaic businesses, with seamless clothing generating 620 million yuan in revenue for 2024, accounting for 56.06% of total revenue [11]. - The photovoltaic business generated 452 million yuan in revenue for 2024, accounting for 40.86% of total revenue [11].