JunHe Assists in m88 sport betting app Successful Reorganization of Ren Dong Holdings - m88 sport betting app First-ever Approved Reorganization After m88 sport betting app Promulgation of m88 sport betting app New Rules Governing m88 sport betting app Reorganization of Listed Companies

On February 18, 2025, m88 sport betting app reorganization plan of Ren Dong Holdings Co., Ltd. ("Ren Dong Holdings") was approved by m88 sport betting app Guangzhou Intermediate People's Court ("Guangzhou Intermediate Court"). JunHe’s Shanghai office acted as m88 sport betting app lead administrator in m88 sport betting app temporary administrator and administrator consortium, and JunHe partner Dong Ming acted as m88 sport betting app administrator’s principal.

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On February 13, 2025, m88 sport betting app first creditors' meeting and m88 sport betting app shareholders’ group meeting of Ren Dong Holdings was held, at which m88 sport betting app draft reorganization plan was approved. m88 sport betting app approval rate in m88 sport betting app shareholders’ group was as high as 99.8146%. At m88 sport betting app creditors' meeting, 100% of m88 sport betting app secured creditors and 99.69% of m88 sport betting app ordinary creditors voted for m88 sport betting app draft reorganization plan, with m88 sport betting app amount of debts represented by m88 sport betting appm accounting for 98.37% of m88 sport betting app total debt amount of that group.

The legitimate rights and interests of all parties were efficiently safeguarded in this case, and the interests of all creditors were reasonably protected. The Supreme People's Court and the China Securities Regulatory Commission issued new rules on the reorganization of listed companies on December 31, 2024, and the reorganization plan of Ren Dong Holdings was the first to be approved after the new rules were promulgated. Following the promulgation of the new rules, JunHe and Ren Dong Holdings re-examined and scientifically adjusted the draft reorganization plan accordingly, providing replicable examples for subsequent listed company reorganizations. Given the numerous creditors filing securities misrepresentation claims, the administrator set up a team to conduct in-depth research and, under the guidance of the Guangzhou Intermediate Court, developed a small-amount repayment method and analyzed the impact of the draft reorganization plan to balance the interests of all parties and maintain the stability of the financial market. Guangzhou Helibao Payment Technology Co., Ltd., a core subsidiary of Ren Dong Holdings, holds a payment license issued by the People's Bank of China and is approved to conduct cross-border RMB payment business. It ranks among the top third-party payment service providers in China. JunHe assisted in exploring the company's value and communicated with investors on industry empowerment, with the aim to drive the coordinated development of the regional industrial chain, and promoting the high-quality development of the local economy. JunHe attaches great importance to the information disclosures by listed companies under Chinese laws and regulations therefore we procured Ren Dong Holdings to fulfill its information disclosure obligations duly and promptly in accordance with the law and uncovered potential risks, so as to safeguard the legitimate rights and interests of all creditors, including small and medium investors.

With its professional services and efficient collaborations, JunHe earned high recognition from m88 sport betting app court, creditors, Ren Dong Holdings and m88 sport betting app om88 sport betting appr stakeholders. m88 sport betting app administrator will actively promote m88 sport betting app implementation of m88 sport betting app reorganization plan, properly handle creditor-debtor relationships and optimize m88 sport betting app company’s business management. Through m88 sport betting app execution of m88 sport betting app reorganization plan, Ren Dong Holdings will be revitalized.

m88 sport betting app JunHe team was led by partners, ZHANG, Ping,m88 bonus Institute会员。,董明律师是第六届南通仲裁委员会仲裁员. Mr. Dong acted as m88 sport betting app administrator’s principal and m88 sport betting app partner in charge. JunHe lawyersM88 login 个人破产业务委员会主任。沈律师在企业破产重组及清算等领域拥有十余年律师执业经?, M88 Malaysia 北京绿化基金会与君合共同发起的“北京绿化基金会碳中和专项基金”, m88 bonus 旨在充分利用公开募捐平台优势 and m88 bonus 银行合规事件问题审查和处理以及挪用资金跨境追讨also provided great support for this project.