Kaiyuan Education: The court agrees to extend the company's pre-reorganization period for another three months.

date
20/01/2026
Kaiyuan Education announced that on September 25, 2024, the company received a notice from the Changsha Intermediate Court allowing the pre-restructuring application. Recently, the Changsha Intermediate Court issued a "Notice" approving the extension of the company's pre-restructuring period. After review, the court deemed the reasons for the extension of the temporary administrator to be reasonable in order to properly connect the pre-restructuring and restructuring processes, protect the rights and interests of the company and creditors, improve the effectiveness of the restructuring, and decided to extend it for three months. If the non-recurring net profit for the fiscal year 2022-2024 is negative, the company's stock will continue to be subject to other risk warnings after the 2024 annual report. If the court accepts the restructuring application, the delisting risk warning will be added.