Longguang internal debt restructuring has made new progress. Most of the bonds will be repaid early.

The domestic bond restructuring of Shenzhen Longgang Holdings Co., Ltd. made progress on July 7, including 8 ABSs such as H Guangyao 07A and PR Longlian 08A, which have been approved by investors. Informed sources revealed that the voting situation for Longgang's domestic bond restructuring is positive, with 21 corporate bonds and asset-backed securities close to completing the voting process, in addition to the aforementioned 8 ABSs. It is expected that more bonds will be announced as approved in the next 1-2 days. Industry insiders believe that the overall success of Longgang's domestic bond restructuring is within reach as most of the bonds are expected to be approved in advance.