*ST Qihuan announced that the company received a decision issued by the Yichang Intermediate Court and decided to extend the company's pre-restructuring period for three months. Up to now, the company is cooperating with the temporary manager to carry out various pre-restructuring tasks, and work such as debt reporting, review, audit and evaluation is being carried out in an orderly manner. The company has yet to receive legal documents ruling from the court to accept the restructuring application, and there is uncertainty about whether the restructuring application will be accepted and whether to enter the restructuring process; if the court decides to accept the restructuring application, the company's shares will be subject to a delisting risk warning; if the restructuring fails and the company's shares are declared bankrupt, the company's shares will face the risk of termination of listing.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.