According to the Sanfang Alley announcement, some of the company's subsidiaries have overdue debts. As of the disclosure date of the relevant announcement, the subsidiary companies had repaid a total of 150 million yuan of overdue debts and added 130 million yuan of overdue debts from financial institutions. The total amount of overdue debts currently totaled 775 million yuan, accounting for 16.06% of the company's most recent audited net assets. As the trustee for the three-room bond conversion, Huaxing Securities issued an interim fiduciary management affairs report on this important matter.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.