Shenyang Yuanda Intellectual Industry Group (002689.SZ): Yunnan Urban and Rural Development intends to use houses as collateral for equipment engineering funds of 12.8595 million yuan.

Shenyang Yuanda Intellectual Industry Group (002689.SZ) announced that, based on the good cooperation foundation and long-term cooperation expectations with Yunnan Province Urban and Rural Construction Investment Co., Ltd. (referred to as "Yunnan Urban and Rural Investment"), and considering the financial condition and pressure of Yunnan Urban and Rural Investment, in order to accelerate the recovery of the company's accounts receivable, reduce the risk of bad debt losses of accounts receivable, and maintain its financial soundness, the company and Yunnan Urban and Rural Investment have agreed to use real estate as collateral. The company and Yunnan Urban and Rural Investment have signed a "Debt-to-Equity Conversion Agreement," which stipulates that Yunnan Urban and Rural Investment will transfer 6 properties under its subsidiary Diqing State Development Investment Group Shangri-La Land Co., Ltd. (referred to as "Diqing Real Estate") at a price of 12.8595 million yuan to offset the equipment construction payment owed to the company.