The controlling shareholder of San'an Optoelectronics (600703.SH) filed for bankruptcy and restructuring

Zhitong Finance App News, San'an Optoelectronics (600703.SH) issued an announcement. The company received a notice from the controlling shareholder San'an Electronics on October 15, 2026. Sanan Electronics creditors Hubei Changjiang Anxin Industrial Investment Fund Partnership (limited partnership) and Hunan Lugu Development Group Co., Ltd. applied to the Xiamen Intermediate Court for bankruptcy and restructuring of San'an Electronics; Hunan Lugu Development Group Co., Ltd., a creditor of Sanan Group, applied to the Xiamen Intermediate Court for bankruptcy and restructuring of San'an Group. The Xiamen Intermediate Court issued separate notices to Sanan Electronics and Sanan Group regarding the above two bankruptcy and restructuring applications.

As of the disclosure date of this announcement, Sanan Electronics and Sanan Group have not received a ruling from the Xiamen Intermediate Court to accept bankruptcy and restructuring. There is still uncertainty about whether the applicant's bankruptcy and restructuring application will be formally accepted by the Xiamen Intermediate Court and whether Sanan Electronics and Sanan Group will later enter the bankruptcy and restructuring process. If the applicant's bankruptcy and restructuring application is formally accepted by the Xiamen Intermediate Court, Sanan Electronics and Sanan Group will subsequently enter bankruptcy and restructuring procedures, which may have an impact on the company's shareholding structure and control.