According to the Shanghai Stock Exchange Network, on the evening of January 11, ST Geo-Jade announced that it had applied to the exchange on January 2 to lift the delisting risk warning following its completed restructuring. The Shanghai Stock Exchange approved the removal of the delisting risk warning for the company’s stock on January 11 while continuing to implement other risk warnings. Trading of the company’s stock was suspended for one day.

Geo-Jade is a leading domestic international oil company engaged in oil and gas exploration and development, holding high-quality oil and gas field assets. Additionally, Geo-Jade has acquired exploration and development rights for new blocks in Iraq through oil field bidding. The company also holds partial equity in Kazakhstan’s Sozak Company, where the proven continuous gas-bearing area exceeds 3,500 square kilometers, and natural gas reserves have reached trillions of cubic meters.

On the evening of October 18, 2023, Geo-Jade released multiple announcements, including a draft restructuring plan summary and the “Restructuring Investment Agreement” with restructuring investors. On November 21, the Haikou Intermediate People’s Court approved Geo-Jade Co., Ltd.'s restructuring plan, which  required completion within three months from the date of the court's approval. On December 29, 2023, the company received Civil Ruling No. 36 (2023) Qiong 01 Po, delivered by Haikou Intermediate People’s Court, confirming the completion of the restructuring plan and the termination of the restructuring procedure.

The company stated that, through measures such as shareholder rights adjustments in the restructuring process and financial support from restructuring investors, the company’s asset-liability structure has improved, enhancing its ability to operate continuously and generate profits.

It is noteworthy that the company also stated that, with the synergetic advantages of the restructuring investors’ industrial resources, it will eliminate various obstacles that have restricted the company's growth. Geo-Jade plans to adjust and optimize its business structure in stages, focusing further on oil and gas exploration, development, and the new energy sector to achieve business upgrades. Additionally, *ST Geo-Jade will integrate the energy sector resources of restructuring investors, further consolidating and strengthening the restructuring achievements to expand and strengthen the listed company.

On November 9, 2023, Geo-Jade signed a strategic cooperation agreement with Zhonglai Photovoltaic, a subsidiary of Zhonglai Co., Ltd., to jointly advance overseas photovoltaic projects. Both parties will enhance communication on industry and overseas photovoltaic power station projects, improving their strategic competitiveness. They will establish a cooperative platform in target markets to utilize resources in the clean energy sector, accelerating the implementation of photovoltaic projects. Following principles of mutual benefit, complementary strengths, and shared development, the two parties will establish a strategic cooperation framework and working mechanism to address the development needs of domestic and overseas photovoltaic power stations. The partnership will strengthen cooperation in module supply, actively explore collaboration models, and pursue mutual success in technology applications, resource sharing, and global expansion.