Zhitong Finance App News, *ST Ruihe (002620.SZ) issued an announcement. On May 13, 2026, the company and the pre-restructuring manager signed “Reorganization Investment Agreements” with investors in the restructuring industry and investors in the restructuring finance, respectively. Today, the company received a “Letter of Commitment” from Shenzhen Penang Electronics Co., Ltd. (“Penang Electronics”), an investor in the restructuring industry, to the company and the pre-restructuring manager.
Full text of the “Letter of Commitment”: “To the pre-restructuring managers of Shenzhen Ruihe Building Decoration Co., Ltd., Shenzhen Ruihe Building Decoration Co., Ltd.: In view of the fact that on May 13, 2026, Shenzhen Ruihe Electronics Co., Ltd. (“the Company”), Shenzhen Ruihe Building Decoration Co., Ltd. (hereinafter referred to as “Ruihe Shares” or the “Listed Company”) and the pre-restructuring managers of Shenzhen Ruihe Building Decoration Co., Ltd. signed the “Shenzhen Ruihe Building Decoration Co., Ltd. Reorganization Investment Agreement”, “We promise not to transfer the additional shares of Ruihe Shares to their securities account within 36 months Transfer or entrust others to manage the shares directly and indirectly held by them in this transfer.”
Based on confidence in the long-term development of Ruihe shares, the Company further promised not to transfer or entrust others to manage the transferred shares directly or indirectly held by the Company within 60 months from the transfer of the additional shares of Ruihe Shares to the Company's securities account. Furthermore, with regard to the funding arrangement for this restructuring investment, the company promises that the proportion of its own capital participating in this restructuring investment will not be less than 50%.”