Securities Times website, according to Ziguang Group, on December 16, the manager of Ziguang Group Co., Ltd. issued a statement saying that recently, the manager noticed that Jiankun Group, a minority shareholder of Ziguang Group, and Zhao Weiguo, an individual controlled by Ziguang Group, had spread false remarks about the debt risk disposal of Ziguang Group. In the past few years, Zhao Weiguo manipulated Ziguang Group to frequently carry out mergers and acquisitions at home and abroad through a huge amount of financing, resulting in excessive debt scale and poor management. Ziguang Group experienced a debt crisis in 2020, and its cash flow dried up. Unable to repay huge maturing debts at home and abroad, the enterprise operation is in a serious predicament that is difficult to maintain. The manager welcomes the creditors and other relevant parties to continue to put forward valuable opinions and suggestions on the follow-up work of the bankruptcy reorganization of Ziguang Group, and the manager will continue to perform his duties in accordance with the law to better complete the judicial reorganization of Ziguang Group. The manager firmly opposes the dissemination of false information by Jiankun Group and Zhao Weiguo in an attempt to interfere with and influence the judicial reorganization process of Ziguang Group, and will take measures to investigate the legal liability of relevant individuals and units in accordance with the law.