Luhua Technology: Plains Chemical Industry Filed for Bankruptcy Liquidation by Creditors.

LuHua Technology Announcement: The company's original controlling subsidiary, Pingyuan Chemical Industry, received a "Notice" from the People's Court of Pingyuan County, Shandong Province. Pingyuan Chemical Industry has been applied for bankruptcy liquidation by its creditor Pingyuan County Finance and Development Group Co., Ltd. On January 15, 2025, the court accepted Pingyuan Finance's application for bankruptcy liquidation of Pingyuan Chemical Industry. On December 17, 2025, the company received a "Civil Decision" from the People's Court of Pingyuan County, Shandong Province, forwarded by Pingyuan Chemical Industry, which ruled that reorganization of Yangmei Pingyuan Chemical Industry Co., Ltd. should be carried out from December 16, 2025. At the same time, the administrators of Pingyuan Chemical Industry openly recruit reorganization investors.