Dongwang Times announced that the company's counterguarantee for Guangsha Holdings and its related parties included 55.05% of the shares of the Construction Engineering Group, which previously could not be pledged due to judicial seizure. The Hangzhou Intermediate Court decided to accept the bankruptcy and liquidation case of the Construction Engineering Group on August 27, 2026, and appointed a joint manager on September 15. There are major uncertainties about the results of the bankruptcy and liquidation of the Construction Engineering Group, and whether the company can recover from this anti-collateral asset and the amount recoverable.

Dongwang Times announced that the company's counterguarantee for Guangsha Holdings and its related parties included 55.05% of the shares of the Construction Engineering Group, which previously could not be pledged due to judicial seizure. The Hangzhou Intermediate Court decided to accept the bankruptcy and liquidation case of the Construction Engineering Group on August 27, 2026, and appointed a joint manager on September 15. There are major uncertainties about the results of the bankruptcy and liquidation of the Construction Engineering Group, and whether the company can recover from this anti-collateral asset and the amount recoverable.