JINGCHENG MAC (00187) affiliated company Tianhai Low Temperature is being applied for bankruptcy liquidation by creditors.

JINGCHENG MAC (00187) announced that the company recently received a notification from the Beijing First Intermediate People's Court forwarded by Tianhai Low Temperature, learning that Tianhai Low Temperature has been applied for bankruptcy by creditor Langhui Technology. The main content is: the applicant filed for bankruptcy liquidation of Tianhai Low Temperature to the court on the grounds that Tianhai Low Temperature is unable to repay its overdue debts and lacks obvious solvency. The Board of Directors of the company is actively communicating with relevant creditors and the court to verify and understand the matter. As of the date of this announcement, the company has not received a court ruling, and there is still uncertainty as to whether Tianhai Low Temperature will enter bankruptcy proceedings.