Shanshan's restructuring has changed; relevant parties respond: Saimaco's lawsuit has no impact on the restructuring, results will be available after the voting period ends

During the creditor meeting for the restructuring plan of Shanshan Group, the original winning consortium investor, Symeiko, filed a lawsuit after being excluded from the restructuring investor qualification, requesting the court to assist in urgently suspending the creditor voting. Symeiko claimed that its restructuring investor qualification was changed to a fund under TCL without its knowledge by the administrator Zhonglun Law Firm. It is reported that the third creditor meeting was held as scheduled on October 21. In response, an insider from Shanshan Co., Ltd. stated that this matter is mainly handled by the group, and although the creditor meeting has been held, there is still a voting period, and the results will only be available after the voting period ends. An insider from TCL Technology stated that TCL is participating in the restructuring legally and compliantly, and Symeiko's lawsuit does not affect the restructuring