On June 17th, Gelunhui reported that ST Hongtao announced that the Shenzhen Intermediate People's Court decided to initiate the company's pre-restructuring procedure, but it is uncertain whether it can enter the restructuring procedure. If it enters the restructuring procedure, the company will cooperate with the court and the administrator to carry out relevant work and fulfill the debtor's obligations. If the restructuring fails, the company may be declared bankrupt, and its stocks may face delisting risks. The company will strictly abide by relevant laws and regulations to fulfill its obligations of information disclosure and timely disclose information.
*ST洪涛：启动预重整程序 是否能进入重整程序尚不确定
*Special treat Hong Tao: Initiate pre-reorganization process. It is not yet certain whether it can enter the reorganization process.
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