Pingtan Development: Plans to Apply for Bankruptcy Liquidation of Controlling Subsidiary

Pingtan Development Announcement: The company will hold a board meeting on March 3, 2026, to review and approve the proposal for applying for the bankruptcy liquidation of its controlling subsidiary. It agrees to act as a creditor and file an application with the court for the bankruptcy liquidation of Zhongfu Haixia (Pingtan) Real Estate Co., Ltd.

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