Snow Wave Environment: Pre-reorganization applied by creditors

Snow Wave Environment Announcement: The company has received a "Notice" from creditor Jiangsu Xinniu Cable Co., Ltd., stating that the applicant has applied to the Wuxi Intermediate People's Court for pre-reorganization of the company on the grounds that the company is unable to repay the due debts and clearly lacks the ability to repay, but has reorganization value. As of the disclosure date of this announcement, the company has not yet received the court's acceptance of the pre-reorganization documents. There is uncertainty as to whether the applicant's application will be accepted by the court, and whether the company will proceed to pre-reorganization or reorganization procedures in the future.