Bangjie Group: Court accepts subsidiary's restructuring application, facing multiple risks.

Bang Jie Co., Ltd. announced that on January 30, 2026, the Yangzhou Economic Development Zone Court accepted the reorganization application of its subsidiary Yangzhou Bang Jie filed by the Suzhou Branch of Industrial Bank, involving an amount of 390 million yuan. Yangzhou Bang Jie's revenue in 2024 was 628 million yuan, with a net loss of 714 million yuan; in the first three quarters of 2025, there was zero revenue and a net loss of 977 million yuan. In addition, Suzhou Qingsong, a shareholder with a holding of over 5%, plans to reduce its shares by no more than 4 million shares. Bang Jie Co., Ltd.'s pre-reorganization work is in progress, with a forecasted loss in 2025. The stock may be subject to delisting risk warning, and the seamless garment sector's operations may also be affected.