**: The Paper.
On December 25th, *ST Beauty Valley (000615SZ, Aoyuan Meigu Technology Co., Ltd. issued an announcement on receiving the "Confirmation Letter" from Cinda Asset Management.
According to the announcement, Aoyuan Beauty Valley received the "Confirmation Letter" issued by China Cinda Asset Management Co., Ltd. *** Guangdong Branch (Cinda Asset Management). According to the content of the letter, on August 14, 2020, Cinda Asset Management, Aoyuan Group and Shenzhen Aoyuan Kexing Investment*** and Jinghan Industrial Investment Group Co., Ltd. (later renamed Aoyuan Beauty Valley) signed the "Cooperation Master Agreement on Jointly Bailing Out the Shares of Jinghan Industrial Investment Group and Carrying out Substantial Restructuring with Aoyuan Group", which stipulates that Cinda Asset Management will acquire the relevant creditors' claims on the subsidiaries of Aoyuan Meigu at that time in batches.
Cinda Asset Management stated that it agreed to unconditionally, irrevocably and irrevocably discharge and exempt Aoyuan Meigu from the company's acquisition of Daye Trust Co., Ltd. against Jinghan Real Estate Group Co., Ltd. (Jinghan Real Estate), the acquisition of Baoding Bank shares, the acquisition of Anxin Branch's claims against Jinghan Real Estate, the acquisition of Langfang Bank's shares of Shun'an Road Branch's claim against Nantong East China Construction, and the acquisition of Langfang Bank's Shun'an Road Branch's real estate development of Jinhan (Tianjin) All liabilities such as the guarantee of 4 creditor's rights (corresponding to the principal amount of RMB 7.)$2.8 billion and all interest, restructuring grace compensation, penalty interest, compound interest, liquidated damages and expenses for the realization of claims and other related creditor's rights).
Agreed to only pursue the principal amount (corresponding to the principal amount of RMB 8.) under the remaining 7 claims of Aoyuan Beauty Valley1.9 billion yuan) to exempt Aoyuan Beauty Valley from the remaining 7 claims of RMB 8Guarantee liability for other related creditor's rights and interests other than 1.9 billion yuan.
For the remaining 7 creditor's rights that Aoyuan Meigu continues to provide guarantees, the principal amount is RMB 81.9 billion yuan, Cinda Asset Management promised that it would not apply for the execution of Aoyuan Beauty Valley and its assets in 2024.
At the same time, Aoyuan Meigu made a risk warning in the announcement, saying that due to the litigation case of Cinda Asset Management, all the shares of the company held by the company's controlling shareholder Aoyuan Kexing were judicially frozen, and all the shares of the company held by Tokyo Han Holding Group *** Jinghan Holdings) holding more than 5% of the shares were judicially frozen, and Tianhan held 94 Jinghan Holdings78% of the shares and Li Li's 522% were frozen by the judiciary, and Tian Han held Beijing Heli Wantong Information Consulting Center (Limited Partnership) (which holds 13674654 shares of the company, accounting for 1 of the total share capital79%, which is the person acting in concert with Jinghan Holdings) 9880% of the shares are judicially frozen, and if the litigation case of Cinda Asset Management enters the execution stage, the above-mentioned frozen shares involve judicial disposal, which may lead to changes in the company's equity structure, and the controlling shareholders and shareholders holding more than 5% of the shares are passiveAt the same time, if the disposed shares reach a certain percentage, it may also lead to a change in the control and actual controller of the company.
In addition, Aoyuan Kexing, the controlling shareholder of Aoyuan Beauty Valley, defaulted on its pledge. As of December 25, the pledgee Xinda ** shares *** have applied to the court for enforcement and obtained the case. It is uncertain whether the court will subsequently promote the auction and sale of the shares of the company held by the controlling shareholder.