XTEMD: The compulsory liquidation case of the original holding subsidiary has been concluded, with a distribution amount of nearly 29 million yuan

XTEMD announced that its original holding subsidiary, Xiangjin Electric Chemical, was applied for compulsory liquidation by another shareholder in 2021. The court accepted the case and appointed a liquidation team, and it has not been included in the consolidated financial statements since the end of 2021. Recently, the company received a notification letter from the liquidation team, stating that the liquidated assets available for distribution amount to 60.4014 million yuan, and the company can receive a distribution of 28.9947 million yuan according to its shareholding ratio. The payment has been fully completed, and the liquidation team has completed the cancellation of tax, business, and bank accounts, concluding the compulsory liquidation case. The company's liquidation profit and loss is expected to be 12.0606 million yuan, subject to the final audit results