At The Beginning Of Claim Declaration, The Company Is Still In Production And Operation.

The birds of fortune, known as the "men's shoes in the county seat", continue to push forward.

On the afternoon of August 13th,

The relevant parties have been informed that the declaration of creditor's rights has already begun. Creditors should declare their claims to the managers before October 29, 2018, and state in writing the amount of claims, whether they have property guarantees and whether they belong to joint and several claims, and provide relevant evidence.

Those who fail to declare their claims in accordance with the law shall not exercise their rights during the implementation of the reorganization plan; after the completion of the reorganization plan, they may exercise their rights in accordance with the conditions for repayment of the same creditor's rights stipulated in the reorganization plan.

It is reported that the first creditors meeting is scheduled for 10 a.m. on November 13, 2018 in Fujian province.

87 east section 302, Fu Fu bird Limited by Share Ltd staff canteen two floor.

Creditors who declare their claims according to law shall be members of creditors' meetings and have the right to participate in creditors' meetings.

In August 13th, the rich and precious birds related personage introduced, "now starts the creditor's rights declaration, the rich bird company is also in the production management".

In addition, the Limited by Share Ltd's debtor or property holder should pay debts or deliver property to the Limited by Share Ltd administrator.

Members of the Limited by Share Ltd, such as shareholders, actual controllers, legal representatives, directors, supervisors, senior managers, and other relevant members of the decision-making bodies and other relevant laws and regulations should cooperate with the managers in carrying out their work, otherwise they should bear corresponding legal liabilities according to law.

In August of this year, the rich bird announced that the intermediate people's Court of Quanzhou, Fujian province decided to accept the application of the Limited by Share Ltd of Guotai Junan Securities for the reorganization of the birds of fortune, and designated the liquidation group of the rich bird bird as the managing director of the rich bird.

The court held that a substantial breach of the bonds occurred in the shares of fortune birds, and could not repay debts due to maturity. According to the announcement issued by the company, the company obviously lacks the solvency.

Guotai Junan is authorized by bondholders, and has the right to apply for restructuring of fortune bird shares.

Fugu bird shares have no objection to the application of reorganization. As a listed company, the brand enjoys certain popularity, and it has the possibility of revitalization and regeneration through reorganization.

Public information display, as

At the helm of the family business, the bird of fortune originated in the 90s of last century, when Lin and other Lin people set up Fulin shoe industry, creating the "rich bird" brand, involving business.

Clothing,

Before and after 2012, the lucky bird entered the most brilliant stage of development, and became the third largest brand business casual shoe manufacturer in China, known as the "men's shoes in the county seat".

In 2013, the fortune bird came into the market, but its performance in 2015 began to decline.

By the end of 2016, the rich birds had 2247 retail outlets, while the number in 2014 and 2015 was 3144 and 2960 respectively.

In 2016 alone, the number of stores declined by more than 700, of which 976 were closed, and almost two stores were closed almost every day.

In March this year, the birds issued a notice. The company received the notice of investigation by the China Securities Regulatory Commission in March 21st. It pointed out that the company decided to investigate the company on the basis of the relevant provisions.

Guotai Junan (the trustee of the "14 riches and birds" bond) issued a notice in March that there were large amount of external security matters and capital lending activities in the rich birds and their subsidiaries.

As of the date of issuance of the present report, the amount of the issuer's loan amount (including the amount of the guarantee has been deducted from the bank's performance) amounts to at least 4 billion 229 million yuan, and the relevant amount is likely to be uncollectible.

In April 23rd, the fortune bird announced that, due to the large amount of external guarantee and capital lending in the early stage of the company, the related payments could not be recovered on time and could not repay the principal and interest of the "14 riches and birds" bonds payable on time, causing a substantial breach of the bonds.