Huaping Co., Ltd. (300074.SZ): Continuing to promote debt restructuring

Zhitong Finance App News, Huaping Co., Ltd. (300074.SZ) announced that the company and its subsidiary Tongren Huaping Information Technology Co., Ltd. (“Tongren Huaping”) signed a number of project contracts with the Guizhou Tongren High-tech Industrial Development Zone Management Committee from October 2014 to June 2018. According to settlement, the total implementation amount of the project contract was 13.33 million yuan. As of September 30, 2024, the Tongren High-tech Industrial Development Zone Management Committee had paid a total of 3.254 million yuan for the project, with the remaining unpaid project amount of 1.0076 million yuan.

According to reports, in order to effectively resolve the debt problem of accounts receivable, the company is continuing to promote debt restructuring. Following friendly negotiations between the two sides, Tongren Huaping plans to sign a “Debt Cancellation Agreement” with the Tongren High-tech Industrial Development Zone Ping An Construction Center. The main details are as follows: Tongren Huaping agreed to reduce 50.3% of the unpaid project payment of RMB 1.076 million, or RMB 5.076 million. It was finally determined that the remaining project payment to be paid after the reduction was RMB 5 million. The Ping An Construction Center of Tongren High-tech Industrial Development Zone promised to pay the full amount to the company by October 31, 2024.