Complete equity delivery as scheduled. Ziguang Group reorganization is about to end up.

The judicial reorganization of Ziguang Group, which has attracted much attention from the society, once again made joyful progress. On the afternoon of July 11, Ziguang Group and subsidiaries issued an announcement saying that Ziguang Group has completed the company's equity and new directors, supervisors, and general managers based on the relevant laws and regulations and the "Reorganization Plan" agreement. Essence Two original shareholders Tsinghua Holdings Co., Ltd. and Beijing Jiankun Investment Group Co., Ltd. all withdrawn. The holding platform of the strategic investor "Zhilu Jianguang Unite" Beijing Zhiguangxin Holdings Co., Ltd. (hereinafter referred to as "Zhiguangxin Holdings" set up ) To undertake 100%equity of Ziguang Group, the shares of Ziguang Group have successfully completed the delivery, marking the work of the judicial reorganization implementation stage to fully enter the end of the end, and Ziguang Group has entered a new stage of development.

Ziguang Group's debt crisis resolution and judicial reorganization work from the beginning to the end of only one year and 8 months. In November 2020, Ziguang Group broke out of the serious debt crisis due to long -term disorderly purchase expansion and long -loan long investment.

Subsequently, Tsinghua Holdings of Tsinghua University and Ziguang Group's controlling shareholders introduced a specialized work team to carry out the risk of debt and promote the various tasks of school -enterprise reform, successfully stabilized the situation, and avoid the further expansion of the crisis. After entering the special work team, we will conduct extensive trips to find out the bottom, and accept the non -binding plan submitted by 14 investors on the basis of extensive contact with more than 50 potential investors.

In the case of Ziguang Group's non -debt, on July 16, 2021, the Beijing No. 1 Intermediate People's Court ruled that Ziguang Group entered the judicial reorganization in accordance with the law of the creditors, and designated a specialized team to set up a liquidation team to serve as the manager. Managers have always adhered to the principle of marketization and rule of law, and publicly issued the announcement of "overall acceptance, classification and disposal, and a package of resolution". Investment plan.

On October 18, the first creditors meeting was held, and the manager notified the progress of the work to all creditors. On December 10, after multiple rounds of competitive selection, Beijing Zhilu Asset Management Co., Ltd. and Beijing Jianguang Asset Management Co., Ltd. selected Ziguang Group Reorganizing Strategic Investors in the "Zhilu Jianguang Unite". On December 13, the manager and Zhilu Jianguang officially signed an investment agreement and announced the plan. According to the plan, strategic investors adopt the "duration" reorganization model, and the industrial layout and core technology accumulated by Ziguang Group for many years can be completely retained; they agree to pay 60 billion yuan in cash for settlement of debt, and also take out the three listed companies of Ziguang Group's subordinates. Circular stocks with a market value of 23 billion yuan will be offset at the market price, and the remaining parts will be extended to delay the settlement of the debt; the creditors choose three settlement solutions according to their needs, obtaining a 95%-100%ultra-high-definition compensation rate, and maximize the benefits.

On December 29, the second creditors meeting of Ziguang Group was held, and all parties were satisfied with the reorganization plan for 100%. On January 14, 2022, the Beijing First Intermediate People's Court ruled that the reorganization plan was approved and the reorganization procedure was terminated, and the implementation stage began. Industry insiders said that since the implementation of the Judicial reorganization of Ziguang Group has created the implementation of my country's bankruptcy law, 100 billion -level enterprises have the highest reorganization efficiency, the best effect, the highest settlement rate, the best satisfaction, and the most complete selection mechanism. Record.

It is understood that according to this reorganization plan, the reorganization period is 6 months, that is, from January 14, 2022 to July 14. After the implementation phase starts, the manager, strategic investor, and Ziguang Group have established major issues of business mechanisms for major matters to cooperate to achieve the orderly and operations of management and operation, the growth of operating performance, the unity and stability of the employee team, and the solid solid work. Good situation. During the implementation process, the managers, strategic investors, and Ziguang Group were properly arranged and transferred to business affairs, clarifying the duties and workflows of all parties, and strived to achieve a smooth connection between judicial procedures and execution procedures, ensuring that Ziguang Group and subordinates operated physical enterprises operating physical enterprises. Management and operation work is in an orderly manner, and the personnel structure remains stable for a long time.

Under the severe situation of the epidemic and market fluctuations, various business enterprises with Ziguang Guowei, Ziguang, and Ziguang Zhanrui as the core have promoted R & D, production, and sales in an orderly manner in accordance with the plan, and operating performance increased against the trend. Among them, Ziguang achieved operating income of 15.342 billion yuan in the first quarter, an increase of 13.58%year -on -year, and a net profit of 372 million yuan, an increase of 35.26%year -on -year. Ziguangguo achieved operating income of 1.341 billion yuan in the first quarter, an increase of 40.83%year -on -year, and net profit was 531 million yuan, an increase of 63.91%year -on -year. Ziguang Zhanrui actively disclosed that the operating income of 2021 was 11.7 billion yuan, an increase of 78%year -on -year.

At the same time, Ziguang Group's debt claims have been highly advanced. On January 28, in the early stage, 595 small creditors who were fully repaid for more than 1.2 million yuan were determined in the early stage. Confirmation of the choice; on March 31, strategic investors intend to invest in reorganization to settle 60 billion yuan in cash for debt; on April 8, send the "Confirmation of the Debt Cleansing Plan" to the debt claimer; April 15 On the day, according to the reorganization plan, the debt -reserved creditor pays the first phase of the debt retention interest on time; on June 30, the distribution of debt -to -debt stocks to the creditors was completed at one time. In the above process, the whole process maintains efficient communication with creditors and has obtained full support and recognition. The successful completion of the equity delivery marks that all relevant administrative approval matters stipulated in the reorganization plan are completed on time. It is a vital part of the implementation stage. There is no suspense for the perfect ending of all judicial reorganizations. According to relevant information, Zhilu Jianguang consortium is a marketization and diversified shareholding platform including state -owned capital. State -owned investors cover a number of subjects such as Guangdong's state -owned assets, Hubei state -owned assets, and Hebei state -owned assets. A partner of a law firm engaged in international semiconductor mergers and acquisitions for a long time said, "The Zhiguangxin platform does not have a single shareholder with a single share of more than 50%. This equity structure is similar to the decentralized equity structure of international technology giants Microsoft and Apple. It can not only avoid 'Yiyan ", but also help Ziguang Group's future development to absorb more power and resources, and always maintain innovation and stable development."

Subsequent, I believe that the powerful investor portfolio behind Zhiguangxin Holdings will be able to give full play to its two -wheel drive advantage of "holding technology investment and strategic industrial operations". Participate in the future development and strategy formulation of Ziguang Group, effectively use the industrial synergy advantages of Ziguang Group to make up for the shortcomings of the industrial chain; at the same time, it can give full play to the advantages and subjective initiative of talent, further strengthen independent technology research and development, promote the optimization and update iteration of products. Helps enhance the autonomy, integrity and competitiveness of China's integrated circuit core industry chain.

It is reported that this afternoon, the manager of Ziguang Group has held a handover meeting with Zhilu Jianguang's consortium to fully transfer Ziguang Group's chapters and business management affairs. In the early stage of the war investment, the funds have been put into the administrator's account full of money, and Ziguang Group also emails all the creditors to inform the creditors of the creditors will pay the remaining cash settlement funds in full in full amount tomorrow (July 12). Arrived in the creditor's account before July 13. In accordance with the relevant provisions of the judicial reorganization, the manager will also complete the deposit of the non -receiving debt repayment resources as soon as possible, and a proper arrangement of the subsequent review and settlement of claims that temporarily slowly confirm the claims, not declare claims, and The court submitted an application report to end the reorganization procedure. After the report was approved by the court, the reorganization of Ziguang Group was successfully completed as scheduled.

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