Huawen media group released an abnormal announcement, currently the company has failed to repay the principal and interest of the mid-term notes on time, and the bank loans have been declared due in advance. The Haikou Intermediate People's Court has decided to conduct a pre-reorganization of the company, which does not mean that the Haikou Intermediate People's Court has formally accepted the company's reorganization. As of the date of this announcement, the company has not yet received the Haikou Intermediate People's Court's formal acceptance of the reorganization ruling. There is still uncertainty as to whether the Haikou Intermediate People's Court will accept the company's reorganization and whether the company can enter the restructuring process. If the Haikou Intermediate People's Court rules to accept the application for the company's reorganization, the company's stocks will be subject to delisting risk warnings; if the company is declared bankrupt due to the reorganization failure, the company's stocks will face the risk of being delisted.