Zhitong Finance App News, Donkey Trail Technology (01745) announced that on August 5, 2026, Donkey Trail Technology Group, a wholly-owned subsidiary of the company, signed the agreement with Ningao Xincheng to transfer these claims at a cost of RMB 85 million.
The subject of the sale was such claims, namely the bad claims of three companies: Ningxia Shuidonggou Tourism Development Co., Ltd., Ningxia Western Sunshine Travel Service Co., Ltd., and Ningxia Xiji Huoshizhai Tourism Development Co., Ltd., along with related mortgages and other ancillary rights. On February 11, 2025 (that is, the due date for calculating the outstanding book principal balance, interest balance and liquidated damages of such claims), the outstanding book principal balance of these claims was approximately RMB 176.6 million, together with interest of approximately RMB 131 million and a liquidated damages of RMB 1.5 million, for a total of approximately RMB 309 million. The final amount of principal and interest on such claims will be subject to legal documents and the calculation method finally adopted during the enforcement phase. As of December 31, 2025, the carrying value of these claims in the Group's accounts was approximately RMB 45.285,000.
According to the announcement, the sale enabled the Group to cash out of such claims, accelerate the recovery of bad debts, reduce the time, costs and uncertainty associated with further recovery, litigation or enforcement actions, and improve the Group's liquidity and resource allocation. At the same time, the sale was based on the Group's strategy to focus on the main business of online electronic guided tours and temporarily put on hold plans to expand the tourist attraction management business.