Nanjing Red Sun (000525.SZ): The court ruled to accept the company's reorganization and appoint a manager.

Nanjing Red Sun (000525.SZ) announced that on September 13, 2024, the company received a notice from the Nanjing Intermediate People's Court (2024) Su 01 P20 "Civil Decision" accepting the reorganization application filed by Nanjing Taihua Chemical Co., Ltd. against the company. On September 13, 2024, the company received a notice from the Nanjing Intermediate People's Court (2024) Su 01 P20 "Decision" appointing Jiangsu Century Colleagues Law Firm as the reorganization administrator of the company, with Ding Shaohua as the head of the administrator. The company has been accepted for reorganization by the Nanjing Intermediate People's Court, but according to the relevant provisions of the People's Republic of China Enterprise Bankruptcy Law, the company still faces the risk of bankruptcy being declared by the court due to the failure of reorganization. If the company is declared bankrupt, according to the relevant rules of the Shenzhen Stock Exchange's "Listing Rules," the company's stock faces the risk of being delisted.