Tianbang Foods: Subsidiary Jinde Agricultural Development has been ruled for bankruptcy reorganization, involving an amount of 1.296 billion yuan.

Tianbang Food announced that five of its subsidiaries are involved in project payments amounting to 1.296 billion yuan and related fund occupation fees. Recently, the People's Court of Jindong City, Zhejiang Province, ruled to accept the bankruptcy reorganization application of one of the involved subsidiaries, Jindong Agricultural Development, and appointed Beijing Yingke Law Firm and others to jointly serve as administrators. As of June 17, 2026, Jindong Agricultural Development is involved in four cases of compulsory execution, with an execution target of 260 million yuan and liabilities exceeding 500 million yuan. Currently, the reorganization plan has not been finalized, and the final impact will be subject to the annual audit results.