ZTG(SZ:000430) Shang Hai Zheng Quan Bao·2026-02-05 18:01Core Viewpoint - Zhangjiajie Tourism Group Co., Ltd. has completed its restructuring plan, which has significantly improved its financial situation and allowed the company to apply for the removal of the delisting risk warning on its stock [5][11][17]. Group 1: Restructuring and Financial Improvement - The company and its subsidiary underwent a restructuring process initiated by the court in November 2025, which was completed by December 2025 [7][9]. - The restructuring involved the introduction of investors and adjustments to equity, effectively alleviating the company's debt crisis and improving its asset-liability structure [11]. - The total share capital of the company increased from 404,817,686 shares to 809,635,372 shares following the restructuring [9]. Group 2: Board Decisions and Agreements - The board of directors approved the application to revoke the delisting risk warning due to the completion of the restructuring [1][14]. - The board also agreed to continue the "one ticket system" joint operation agreement for the subsidiary Yangjiajie Cableway, extending the cooperation period from 2 years to 3 years while maintaining a 13% profit-sharing right [2]. Group 3: Future Outlook - The completion of the restructuring is expected to have a positive impact on the company's financial status for the fiscal year 2025, with specific figures to be confirmed in the audited financial statements [11]. - The company aims to consolidate existing operations and explore new growth opportunities in line with policy directions [11].