Core Viewpoint - Tianbang Food Co., Ltd. is undergoing a pre-restructuring process for its subsidiary Fuyang Agricultural Development Company, which aims to optimize its debt structure and improve operational sustainability and profitability [1][7]. Group 1: Arbitration and Legal Proceedings - The company has initiated arbitration against several entities, including Huzhou Wuxing Agricultural Development Co., Ltd., for construction contract disputes, claiming a total of approximately RMB 1.15 billion in payments and associated fees [1][2]. - The Hangzhou Arbitration Commission has issued five rulings that have become legally effective, and the company has applied for enforcement through the Hangzhou Intermediate People's Court [2][3]. - Fuyang Agricultural Development Company has applied for pre-restructuring due to its inability to repay debts, despite having potential for restructuring [4][5]. Group 2: Pre-restructuring Process - The court has decided to allow pre-restructuring activities to identify the restructuring value and feasibility of Fuyang Agricultural Development Company, which includes cooperation with a temporary manager [4][5]. - The temporary manager is tasked with investigating the company's financial situation, supervising compliance with restructuring guidelines, and facilitating negotiations with creditors and potential investors [5]. Group 3: Financial Impact and Future Outlook - The pre-restructuring process is expected to enhance the efficiency of debt resolution and improve the company's financial health, although it is not anticipated to significantly impact the current or future profits of Tianbang Food [7][8]. - The company has reported that it has no other undisclosed significant litigation or arbitration matters, aside from those already disclosed [6][7].