Yingda is one of the law firms in Hubei Province and Wuhan City that has been involved in corporate bankruptcy and liquidation business at an early stage. We have accumulated rich theoretical and practical experience in the fields of corporate debt restructuring, bankruptcy reorganization, bankruptcy liquidation, and compulsory liquidation. We participated in handling some of the earliest bankruptcy cases.

In the 1990s, one of our lawyers served as the head of the bankruptcy liquidation team for Wuhan Container Co., a Sino-foreign joint venture, a case reviewed by the Higher People's Court of Hubei Province. We also acted as lawyers representing the bankruptcy enterprise or creditors in influential bankruptcy liquidation cases, such as the South China Air Group Co., Ltd. bankruptcy liquidation case and Yichang Monkey King Group Co., Ltd. bankruptcy liquidation case, which had an impact nationwide and across Hubei Province.

In the field of bankruptcy liquidation and reorganization, especially in cases related to real estate, mining, and aviation industries, we have extensive business experience. We are designated as Level I bankruptcy administrators by the Higher People's Court of Hubei Province.

Yingda highly values bankruptcy business. Starting in 2008, our firm has been continuously listed in the "Directory of Appointed Administrators for Enterprise Bankruptcy Cases" by judicial authorities in Hubei Province and Wuhan City. We have the qualifications and conditions to act as administrators in bankruptcy, dissolution and liquidation, and reorganization cases. Over the past two decades, our lawyers have served as administrators, heads of liquidation teams, heads of creditor meetings, or legal advisors to creditors in 41 bankruptcy, reorganization, dissolution, and liquidation cases. We have organized and presided over numerous enterprise bankruptcy liquidation, reorganization, dissolution, and liquidation (voluntary or compulsory) cases, fostering a united and capable professional team that is leading in Hubei Province.

The bankruptcy team is directly led by the firm's director, the secretary of the firm's party branch, and the director of the management committee. It comprises 33 practicing lawyers, including 8 senior partners with over 15 years of experience. We take a coordinated approach to handle all aspects of bankruptcy business, flexibly deploying team members and resources to serve cases. In the past three years, we have handled 28 bankruptcy liquidation/reorganization/settlement, compulsory liquidation, and voluntary liquidation cases, achieving good social outcomes.

Yingda has been involved in several major, complex, and influential bankruptcy cases. These include the Wuhan Light Reach Stone Co., Ltd. bankruptcy reorganization (converted to bankruptcy and conciliation) case, the first bankruptcy reorganization to conciliation case handled by the Dongxihu District People's Court; the bankruptcy case of Hubei Herun Coal Sales Co., Ltd., the first bankruptcy liquidation converted to reorganization case in that district; the bankruptcy liquidation (converted to bankruptcy reorganization) case of Youhedao Tong Aviation Co., Ltd., the third national airline bankruptcy case handled by the Hongshan District People's Court; the bankruptcy liquidation case of Wuhan Yuanlv Shijia Real Estate Co., Ltd., a large real estate project and the first "Protecting People's Livelihood and Property" project to enter bankruptcy proceedings in Dongxihu District; the bankruptcy (pre-reorganization) case of Haixi Holdings Co., Ltd., the first pre-reorganization case in Qinghai Province, handled by the Intermediate People's Court of Haixi Mongolian and Tibetan Autonomous Prefecture; the liquidation project of Wuhan Evergrande International Tourism City; the bankruptcy case of Central-South Air Group, the largest bankruptcy case in Hubei Province at the time, reviewed by the Higher People's Court; and the bankruptcy liquidation case of the Sino-foreign joint venture Wuhan Container Co., Ltd., the first Sino-foreign joint venture bankruptcy case in China. Yingda lawyers have demonstrated a down-to-earth, forward-learning, and teamwork-oriented work attitude in the research and handling of these cases.

Yingda's legal services in bankruptcy and reorganization include: representing parties to apply for the bankruptcy or compulsory liquidation of debtors to the People's Court; assisting troubled enterprises in conducting due diligence on debt restructuring matters and helping to draft restructuring plans; accepting appointments as bankruptcy administrators and liquidation teams designated by the People's Court; representing stakeholders such as creditors, reorganizers, shareholders, and debtors in reorganization and restructuring; acting as legal advisors for creditors and reclaimers in bankruptcy and compulsory liquidation proceedings.