Zhitong Financial and Economic APP, * ST Xifa (000752.SZ) announced that the company received a "decision" from the Intermediate people's Court of Lhasa City, Tibet Autonomous region ("Lhasa Intermediate people's Court"). The Lhasa Intermediate people's Court decided to pre-restructure the company and appointed Shanghai Jintiancheng Law firm as the interim manager of the company's pre-restructuring.
The decision of the Lhasa Intermediate people's Court to initiate a pre-restructuring of the company does not mean that the Lhasa Intermediate people's Court formally accepts the reorganization of the company. As of the date of disclosure of this announcement, the company has not yet received a formal order from the Lhasa Intermediate people's Court to accept the reorganization. It is uncertain whether the Lhasa Intermediate people's Court will accept the reorganization and whether the company can enter the reorganization process. No matter whether we enter the reorganization process or not, the company will continue to actively do a good job in daily operation and management on the existing basis.