NEW JCM GROUP (300157.SZ) signs execution and reconciliation agreement and debt restructuring.

NEW JCM GROUP (300157.SZ) announcement, in order to quickly resolve the dispute, through negotiation, the company (Party B) and Beijing Centergate Technologies Fund (Party A) reached an "Execution and Settlement Agreement." Both parties confirm that they will consolidate and repay the debts under Execution Case One and Execution Case Two. The repayment plan is as follows: (1) Within 3 natural days from the signing of this "Execution and Settlement Agreement," Party B shall pay Party A a one-time payment of RMB 40,000,000.00; (2) Before February 25, 2025, Party B shall pay Party A a one-time payment of RMB 60,000,000.00; (3) Before March 25, 2025, Party B shall pay Party A a one-time payment of RMB 60,000,000.00; (4) Before April 25, 2025, Party B shall pay Party A a one-time payment of RMB 60,000,000.00; (5) Before May 30, 2025, Party B shall make a one-time payment of the remaining amount. If the company fulfills the payments in accordance with this "Execution and Settlement Agreement" on time and in full, and does not violate any other obligations specified in this agreement, Beijing Centergate Technologies Fund agrees to waive the amount equal to the debt interest during the delay in performance period after April 15, 2022, under Execution Case One and all amounts incurred under Execution Case Two. Party B only needs to pay RMB 56,355,822.30 yuan plus all expenses (including but not limited to the already paid RMB 2,684,094.04 yuan, evaluation fees, court execution fees, etc., the actual amount shall prevail), and Party A total waives RMB 81,737,372.94 yuan. This debt restructuring has significant implications for the judicial dispute between the company and Beijing Centergate Technologies Fund, as well as the important subsidiary Xin Jin Hua Ji's equity. It will help the company gradually and effectively resolve the debt crisis, reduce the company's legal risks and litigation costs, as well as lower the risk of continued losses, ensuring the company's continued operational capabilities.