Changchun Changsheng Biotechnology Co., Ltd. Bankruptcy

| gov.cn

Xinhua News Agency, Changchun, November 8 (Reporter Zhou Liquan and Zhao Dandan) on November 8, the website of the Shenzhen Stock Exchange issued a "announcement on the bankruptcy liquidation of wholly owned subsidiaries of Changsheng Biotechnology Co., Ltd." Declare Changchun Changsheng Biotechnology Co., Ltd. Bankrupt.

The announcement said that recently, Changchun Changsheng Biotechnology Co., Ltd., a wholly owned subsidiary of Changsheng Biotechnology Co., Ltd., received a civil ruling from the Intermediate people's Court of Changchun City, Jilin Province. "Changchun Changsheng Biotechnology Co., Ltd. Bankruptcy liquidation special audit report" shows that Changchun Changsheng Biotechnology Co., Ltd. has been insolvent, unable to pay off the maturing debt, and there is no possibility of reorganization and reconciliation. The application of the manager conforms to the provisions of the law, so in accordance with the provisions of Article 2, paragraph 1, and Article 107 of the Enterprise bankruptcy Law of the people's Republic of China, it is ruled that Changchun Changsheng Biotechnology Co., Ltd. shall be declared bankrupt.

Changchun Changsheng Biotechnology Co., Ltd. Bankruptcy

| gov.cn

Xinhua News Agency, Changchun, November 8 (Reporter Zhou Liquan and Zhao Dandan) on November 8, the website of the Shenzhen Stock Exchange issued a "announcement on the bankruptcy liquidation of wholly owned subsidiaries of Changsheng Biotechnology Co., Ltd." Declare Changchun Changsheng Biotechnology Co., Ltd. Bankrupt.

The announcement said that recently, Changchun Changsheng Biotechnology Co., Ltd., a wholly owned subsidiary of Changsheng Biotechnology Co., Ltd., received a civil ruling from the Intermediate people's Court of Changchun City, Jilin Province. "Changchun Changsheng Biotechnology Co., Ltd. Bankruptcy liquidation special audit report" shows that Changchun Changsheng Biotechnology Co., Ltd. has been insolvent, unable to pay off the maturing debt, and there is no possibility of reorganization and reconciliation. The application of the manager conforms to the provisions of the law, so in accordance with the provisions of Article 2, paragraph 1, and Article 107 of the Enterprise bankruptcy Law of the people's Republic of China, it is ruled that Changchun Changsheng Biotechnology Co., Ltd. shall be declared bankrupt.






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