Xiling Information: A debt restructuring plan totaling 7.3691 million yuan has been reached for the receivables of the wholly-owned subsidiary.
Xiling Information announced that its wholly-owned subsidiary Shanghai Xiling has reached a debt restructuring plan with a county judicial bureau on part of the receivables for a project. After negotiations, the county judicial bureau agreed to make a one-time payment of 80% of the remaining debt amount to Shanghai Xiling, which is 7.369079 million yuan, starting from the effective date of the agreement. Once the payment is made, the corresponding debt will be settled. If the payment is not made on time, the agreement will be invalid, and the judicial bureau will still need to pay the remaining debt balance confirmed by the audit settlement. This debt restructuring plan has already been approved by the board of directors and the supervisory board, and is expected to have a positive impact on the company's total profit in 2025.
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