On March 14, GLONGHUI | Mingjiahui (300506.SZ) announced that the company received an “Overdue Loan Collection Letter” from China Resources Bank, informing the company that the above loan had expired on February 26, 2024, with an overdue principal amount of RMB 12.9937 million. Due to the slow recovery of the company's accounts receivable, liquidity has recently been tight, and it is not yet able to repay, and this part of the loan has been overdue.
The company will continue to take a number of measures to actively increase the collection of accounts receivable. At the same time, the company's board of directors and management are actively negotiating a settlement plan with China Resources Bank to reach an agreement with China Resources Bank on a debt solution to resolve the overdue loan issue as soon as possible.