ST Jianyi: Obtained the waiver of 1.409 billion debts from the controlling shareholder and a 400 million cash donation.

date
25/12/2025
*ST Jianyi announced that the controlling shareholder, Zhengfang Group, has decided to waive the company's 1.4 billion yuan debt principal and 8.8967 million yuan interest, and donate 400 million yuan in cash. The debt waiver and cash donation will be treated as capital injection into the company, which is irrevocable and unchangeable. The company has held board of directors and independent directors meetings to approve the proposal, which constitutes related party transactions but does not require shareholder approval. As of November 30, the cumulative related party transactions between the company and Zhengfang Group since the beginning of 2025 amount to approximately 1.69 billion yuan. This transaction will help alleviate the company's debt pressure and improve its financial situation, but whether the net assets can turn positive in 2025 is still uncertain.