Xuhui's 100 billion corporate bond restructuring plan released: Debt-to-equity swap plan does not make bottoming commitment, debt retention plan extended for 9.5 years.

From June 27th to June 30th, seven companies under Xuhui Holdings Group will hold online creditor meetings to review the proposal for bond restructuring. The restructuring plan includes adjusting credit enhancement measures and providing other options for the restructuring plan, including bond repurchase options, economic rights options for Xuhui Holdings Group stocks, options for debt-for-equity swaps, and general creditor options. If bondholders do not choose any of the above options, they will enter a full-debt long-term extension plan. Xuhui does not guarantee the trust units in the debt-for-equity swap option: the trust plan has no fixed term, and the amount and timing of payment of the trust units depend on the operation or disposal of the assets to be swapped. The issuer does not bear joint responsibility for the payment of the trust units. The full-debt long-term extension plan extends for 9.5 years, with interest reduced to 1%.