According to Tianbang Food's announcement, the company's five subsidiaries involved project expenses of 1,296 billion yuan and capital usage costs. Recently, the People's Court of Jiande City of Zhejiang Province ruled to accept the bankruptcy and restructuring application from Jiandenong, one of the subsidiaries involved in the case, and appointed Beijing Yingke Law Firm and others as joint managers. As of June 17, 2026, Jiande Agricultural Development was involved in 4 enforcement cases. The execution target was 260 million yuan, and the debt reached more than 500 million yuan. Currently, the restructuring plan has not been determined, and the final impact is based on the results of the annual audit.

According to Tianbang Food's announcement, the company's five subsidiaries involved project expenses of 1,296 billion yuan and capital usage costs. Recently, the People's Court of Jiande City of Zhejiang Province ruled to accept the bankruptcy and restructuring application from Jiandenong, one of the subsidiaries involved in the case, and appointed Beijing Yingke Law Firm and others as joint managers. As of June 17, 2026, Jiande Agricultural Development was involved in 4 enforcement cases. The execution target was 260 million yuan, and the debt reached more than 500 million yuan. Currently, the restructuring plan has not been determined, and the final impact is based on the results of the annual audit.