Beijie: Debtor Jin Chengtai was ruled bankrupt and liquidated, with declared debts totaling 153 million yuan.

Baiejet announced that the company's debtor, Ordos Jinchengtai Chemical Co., Ltd., has been declared bankrupt and will undergo liquidation by the court. The company has reported a total debt of 153 million yuan to the bankruptcy administrator, including 131 million yuan in principal and 21 million yuan in overdue interest payments. The above-mentioned debts and reported amounts have not yet been finally confirmed, and there is uncertainty as to whether they can be recovered and the amount that can be recovered. This bankruptcy liquidation will not have a substantial adverse impact on the company's business operations, production, management, and financial condition. The company had already made sufficient provisions for impairment losses, and the final impact on profits will be determined based on the audit results.