Zh Tong Finance APP News, *ST Ningke (600165.SH) issued an announcement that the company's stock reached the limit down on June 13, 2024, and reached the limit up on June 14, 2024. The amplitude reached 2.36% on the same day, and the turnover rate was 4.41%. Recently, the stock traded in a large range, investors pay attention to the risk of secondary market trading. Given the recent significant fluctuations in the company's stock trading prices, the following risk warning regarding the company's stock trading is being addressed.

The success of the company's pre-restructuring plan is uncertain. If the pre-restructuring is successful, the court will review whether to accept the restructuring application in accordance with the law. Whether the company will enter the restructuring process and whether the restructuring will succeed are uncertain. If the court ultimately rules that the company's restructuring is unsuccessful, the company will be at risk of being declared bankrupt by the court. If the company is declared bankrupt, the company will be liquidated. In accordance with Article 9.4.15 of the Shanghai Stock Exchange Listing Rules (revised in April 2024), the company's stock will face the risk of delisting. The total debt scale of the company is RMB 2.63 billion, of which the total size of overdue debts is RMB 1.91 billion, and the size of the litigation-involved debts is RMB 1.658 billion. Except for the bank account of Ningxia Huahui Environmental Protection Technology Co., Ltd., a subsidiary of the company, all bank accounts of the company and its subsidiaries are frozen, seriously lacking funds and liquid assets for debt repayment. In addition, the important subsidiary, Science and Technology New Materials, is currently in a temporary shutdown state with a low trial production output. Given the company's huge debt risk, the sustained operating ability of the company is facing serious negative impacts. It is unable to repay the overdue debts and obviously lacks the ability to repay, which constitutes the cause of bankruptcy.

The total debt scale of the company is RMB 2.63 billion, of which the total size of overdue debts is RMB 1.91 billion, and the size of the litigation-involved debts is RMB 1.658 billion. Except for the bank account of Ningxia Huahui Environmental Protection Technology Co., Ltd., a subsidiary of the company, all bank accounts of the company and its subsidiaries are frozen, seriously lacking funds and liquid assets for debt repayment. In addition, the important subsidiary, Science and Technology New Materials, is currently in a temporary shutdown state with a low trial production output. Given the company's huge debt risk, the sustained operating ability of the company is facing serious negative impacts. It is unable to repay the overdue debts and obviously lacks the ability to repay, which constitutes the cause of bankruptcy.