An Old Cement Plant in Fujian Province Officially Declared Bankruptcy

On October 10, the People's Court of Anxi County, Fujian Province, issued a notice declaring the bankruptcy of Qingyang Cement Plant in Anxi County, Fujian Province. According to

public information, Qingyang Cement Plant is an old township cement enterprise founded in 1992 with a registered capital of 25.8 million yuan, and its business license has been revoked. Announcement

of the People's Court

of Anxi County,

Fujian Province (2026) Fujian 0524 No.9 II

On June 1, 2026, the Intermediate People's Court of Quanzhou City, Fujian Province, on the basis of Zhou Baozhu's application, decided to accept the bankruptcy liquidation of Qingyang Cement Plant in Anxi County, Fujian Province. On the same day, the Quanzhou Intermediate People's Court of Fujian Province decided to transfer the case to our court for trial. On June 22, 2026, the Court appointed Fujian Qiaosheng Law Firm as the administrator of Qingyang Cement Plant in Anxi County, Fujian Province.

After investigation, on October 9, 2026, the Court issued a civil ruling (2026) Min 0524 No.9, which confirmed that the total amount of 10 claims of 7 creditors to Qingyang Cement Plant in Anxi County, Fujian Province was 6247926.97 RMB. According to the investigation of the administrator, Qingyang Cement Plant in Anxi County, Fujian Province does not have any property, so it can be concluded that Qingyang Cement Plant in Anxi County, Fujian Province is unable to pay off the debts due, and obviously lacks the solvency, and there is no possibility of reorganization and reconciliation in this case. Now the administrator requests a ruling to declare Qingyang Cement Plant in Anxi County, Fujian Province bankrupt, which conforms to the law. The administrator of Qingyang Cement Plant in Anxi County, Fujian Province has not taken over the property and is unable to pay the bankruptcy expenses incurred in this case. Therefore, the administrator requests the court to decide to terminate the bankruptcy proceedings of Qingyang Cement Plant in Anxi County, Fujian Province, which conforms to the law and is allowed. In accordance with the provisions of Article 43 (4) and Article 107 of the Enterprise Bankruptcy Law of the People's Republic of China, the Court declared the bankruptcy of Qingyang Cement Plant in Anxi County, Fujian Province on October 10, 2026. After the conclusion of the bankruptcy proceedings, the administrator shall continue to perform his duties and deal with the remaining matters.

Hereby announce.

October 10