Shenzhou High Speed Rail: Intends to restructure 36,149.1 million yuan debts with Shenzhou Tengxin.

The Shenzhou High-speed Rail announced that the company plans to restructure its debt with Shenzhou Tengxin. In 2019, the company transferred equity to Shenzhou Tengxin, with a remaining unpaid amount of 36.1491 million yuan. Despite legal enforcement, the payment has still not been completed. After this restructuring, the debt will be divided into two parts: cash payment of 26 million yuan and debt transfer to Shenzhen Bao Li Hao Real Estate. The cash payment will be made in stages, and the debt transfer will involve related creditors of Shenzhen Bao Li Hao Real Estate. The agreement includes mortgage and guarantee guarantees, and if conditions are met, the company will be exempt from the debt. The company has fully provisioned for bad debts, and the restructuring is expected to have a positive impact. There are uncertainties in the transaction, and the company will urge performance and disclose information.