On May 9, 2016, the company received the "Civil Ruling Book" and "Notice" issued by the People's Court of Suzhou Industrial Park forwarded by the holding subsidiary Suzhou Mengtai Libao Photoelectric Co., Ltd. (hereinafter referred to as "Suzhou Mengtai"). The People's Court of Suzhou Industrial Park ruled that the applicant's Suzhou Litech Electronics Co., Ltd. accepted the bankruptcy liquidation application of the respondent Suzhou Mengtai. For details, please refer to the company's China Securities Journal and Securities on May 10, 2016. "News", "Securities Daily", "Ta Kung Pao" and "The Announcement of the Court Accepting Bankruptcy and Liquidation of Holding Subsidiaries" on the website of Juchao Information.
Today, the company received the "Decision Letter" issued by the People's Court of Suzhou Industrial Park forwarded by Suzhou Mengtai. The Suzhou Industrial Park People's Court appointed Jiangsu Qianyuan Law Firm as the administrator of Suzhou Mengtai.
According to the bankruptcy and liquidation process of Suzhou Mengtai, the company will fulfill its information disclosure obligations in a timely manner according to law, and investors are advised to pay attention to investment risks.
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