Zhang Jia Jie tourism pre-reorganization extended

Zhang Jia Jie Tourism Group (SZSE:000430) announced an extension to its pre-reorganization period following a decision by the Zhangjiajie Intermediate People's Court. The pre-reorganization, initiated in October 2024, will now continue until April 16, 2025. As of February 12, 2025, 47 potential investors have submitted formal applications and paid the required deposits. The company is actively cooperating with the court and the interim administrator to advance the process, including creditor review, asset valuation, and investor solicitation. The company cautions that uncertainties remain regarding court acceptance of the formal reorganization application and successful reorganization execution, while also warning of potential delisting risks.