Cement Plant Bankruptcy Reorganization Publicly Pre-Recruiting Intention Investors

On November 6, the public announcement manager of Jiangxi Xianhebai Cement Co., Ltd. issued a public announcement to the public to pre-recruit prospective investors. According to

the data, on September 16, 2026, the People's Court of Fenyi County, Xinyu City, Jiangxi Province, issued a ruling No.13 (2026) of Gan 0521 according to law. The ruling accepted the bankruptcy reorganization application of the applicant Liu Guihua, Li Xiaohua and Li Yangyu to the respondent Jiangxi Xianhe White Cement Co., Ltd. Jiangxi Xinzhan Law Firm was appointed as the administrator of Xianhe White Cement Company (hereinafter referred to as the "administrator")

to fully discover and identify the value of Xianhe White Cement Company through the market-oriented mechanism, shorten the consultation period for formally recruiting and reorganizing investors, and activate the assets of Xianhe White Cement Company as soon as possible. To maximize the rights and interests of creditors, debtors and related parties, the administrator is now open to the public to pre-recruit prospective investors.

Xianhebai Cement Co., Ltd. was established on September 7, 2006, with a registered capital of 2 million yuan and a paid-in capital of 2 million yuan. Its registered address is Fenyi Industrial Park, Jiangxi Province. Its legal representative is Guo Xiaohong. Its business scope is: "Permitted projects: cement production, aquaculture (projects that must be approved by Party B. Business activities can only be carried out within the validity period of the license after approval by the relevant departments); General items: sales of cement products, sales of building materials, technical services, technical development, technical consultation, technical exchanges, technical transfer, technical promotion, retail of aquatic products, sales of beans and potatoes, sales of cereals, cereal planting, retail of fresh fruits, bean planting, oil planting (except for items that must be approved according to law).

Main assets

1. Xianhe White Cement Company has a special cement production license and a production capacity of 380000 tons of white cement clinker per year. It has a new dry process production line with an annual output of 400,000 tons of white cement and environmental protection approval procedures for the technical transformation project of the production line with an annual output of 400,000 tons of white cement.

2. Have a complete production plant, rotary kiln, grinding system, laboratory testing equipment.

3. It has four registered trademarks, including "Crane" and "Crane Group", and two patented production technologies.

4. There are two branches in existence, namely, Shanggao Branch of Jiangxi Xianhe White Cement Co., Ltd. and Zhangshu Branch of Jiangxi Xianhe White Cement Co., Ltd.

Due to the large investment in technological transformation in the early stage of Xianhebai Cement Company, resulting in tight cash flow, coupled with the downturn of the market, the company continued to lose money, and the company completely stopped production in January 2026. However, the main equipment in the plant area is in good condition and has the conditions for short-term resumption of work. After the funds are in place, production can be resumed quickly to form operating cash flow.