On April 22nd, leaders of the Changshu Municipal People's Government, together with a delegation from Zhongli Group, went to Xiamen to negotiate industrial investment cooperation with Xiamen Jianfa Co., Ltd. (hereinafter referred to as "Jianfa Co., Ltd."). This exchange and interaction is not only conducive to promoting the restructuring process of Zhongli Group, improving the supply chain cooperation mechanism between the two sides, but also greatly accelerating the pace of Zhongli Group's recovery from debt crisis and business difficulties.
As of now, the pre restructuring process of Zhongli Group has made many progress. The first stage of work, such as clearing assets and verifying capital, identifying the restructuring value, and demonstrating the restructuring plan, has been successfully completed. The second stage of dual line reporting for the restructuring of listed companies is currently in a critical and challenging stage, and Zhongli Group is expected to truly achieve reform through judicial restructuring.
On August 21, 2023, Zhongli Group signed a Restructuring Investment (Intention) Agreement with Changshu Guangsheng New Energy Co., Ltd., a wholly-owned subsidiary of industrial investor Jianfa Group. Jianfa Group is a member enterprise of Xiamen Jianfa Group Co., Ltd. (hereinafter referred to as "Jianfa Group"), with multi domain, all-round, and multi-level industrial resources and a high degree of compatibility with the company's business, which can provide strong driving force for the continuous operation and development of Zhongli Group in the future.
During the pre restructuring period, industrial investors have paid an investment deposit of 25 million yuan to the bank account of the temporary manager of Jiangsu Zhongli Group Co., Ltd. At the same time, in order to assist in stabilizing the operating value of Zhongli Group, maintain its market position and brand influence, with the strong support and assistance of the Changshu Municipal Party Committee and Government, Zhongli Group and Jianfa Group have reached multiple cooperation and intentions during the transitional period. At the same time, the temporary manager and Zhongli Group accompanied Jianfa Group to visit multiple production bases in Ningxia, Qinghai, Shandong, Changzhou, and had friendly and in-depth exchanges with the local government of the production bases on future base management plans.
Subsequently, with the strong support of the Changshu Municipal Government, Zhongli Group and Jianfa Group will further strengthen their cooperation mechanism, effectively carry out the restructuring work, and promote the smooth implementation of the restructuring of Zhongli Group as soon as possible, implement relevant policies, and promote the win-win development of industrial cooperation.
