The hottest Zhongtai new energy vehicle was offici

Zhongtai New Energy Automobile Co., Ltd. was officially adjudicated to be bankrupt and liquidated

China auto on December 4 recently learned that Zhongtai Automobile Co., Ltd. issued an announcement on December 2 that Zhongtai New Energy Automobile Co., Ltd., a wholly-owned secondary subsidiary, was adjudicated by the court to accept bankruptcy and liquidation

the announcement said: Zhongtai Automobile Co., Ltd. (hereinafter referred to as "the company") recently received the civil ruling ([2020] zh0784po No. 20) issued by the people's Court of Yongkang City, Zhejiang Province (hereinafter referred to as "Yongkang court"), and learned that Zhongtai New Energy Automobile Co., Ltd. (hereinafter referred to as "Zhongtai new energy"), a wholly-owned secondary subsidiary of the company, was cited by creditors as unable to repay matured claims and insufficient assets to repay all debts, Be applied for bankruptcy liquidation

I. bankruptcy liquidation of wholly-owned subsidiaries

the company recently received the civil ruling ([2020] zhe 0784 No. 20) issued by the Yongkang court. The applicants Hangzhou Tiecheng Information Technology Co., Ltd. and Jinhu (China) Tire Sales Co., Ltd. applied for additional bankruptcy liquidation of Zhongtai new energy on the grounds that Zhongtai new energy could not repay its due claims and its assets were not sufficient to repay all debts. According to the relevant provisions of the bankruptcy law of the people's Republic of China on new 3D printing composite materials such as enterprises that have received orders from machinery manufacturing and 3D printing enterprises in Beijing and Shanghai, the ruling is as follows:

1. The application for bankruptcy liquidation of the respondent Zhongtai New Energy Automobile Co., Ltd. by the applicant Hangzhou Tiecheng Information Technology Co., Ltd. and Jinhu (China) Tire Sales Co., Ltd. is filed and accepted

if the universal testing machine directly affects the change of the main technical index "thermal conductivity" of the vacuum heat insulation board in the standby state

2, Zhejiang Jingheng law firm is appointed as the bankruptcy administrator

II. Basic information of Zhongtai new energy

Name: Zhongtai New Energy Automobile Co., Ltd.

type: limited company (sole proprietorship of legal person invested or controlled by non natural person)

domicile: Building 5, No. 509, Wenjin North Road, Baiyang street, Hangzhou Economic and Technological Development Zone (see the attached figure for details)

III. The impact of bankruptcy liquidation on the company

Zhongtai new energy is a wholly-owned secondary subsidiary of the company. After entering the bankruptcy liquidation procedure, If Zhongtai new energy subsequently turns to the reorganization procedure due to legal circumstances, and the company acts as the reorganization investor and contributes to the success of Zhongtai new energy's reorganization, Zhongtai new energy will become an important source of profit for the company and play an important role in the continuous operation and development of the company. If Zhongtai new energy has not been converted to reorganization proceedings and is finally declared bankrupt by the court, or although it has been converted to reorganization proceedings, other parties other than the company are the reorganization investors, the company will lose control of Zhongtai new energy, and Zhongtai new energy will no longer be included in the scope of the company's consolidated statements