I. Overview of the Debt Default Situation
JiuZhou Meiyu Technology Co., Ltd. (hereinafter referred to as "the Company") and its controlling subsidiary, Aokang Meiyu Technology Co., Ltd. (hereinafter referred to as "the Subsidiary"), are facing debt defaults. The Company plans to provide updates on the debt situation, including the repayment schedule and related measures. The Company intends to address the debt issues by January 28, 2025, with specific repayment dates set for January 10, February 6, February 18, March 8, March 22, May 21, June 24, July 12, August 20, and December 10, 2025.
II. Progress of Debt Resolution
- Overview of the Restructuring Plan
As of December 16, 2025, the Company reported a total share capital of 762,979,719 shares, with each share increasing by 10 shares, resulting in a capital increase of 1,024,512,974 yuan. According to the restructuring plan, the Company aims to resolve the debt issues by arranging repayment plans for creditors. The Company has already completed the first phase of the repayment plan, amounting to 4,678.39 million yuan.
- Additional Debt Resolution Measures
The Company is actively seeking to negotiate with creditors to restructure the debt. It has proposed a capital increase of 2,450 million yuan to improve its financial situation. The Company has also engaged in discussions with various stakeholders to enhance its operational capabilities.
III. Impact on the Company
In light of the restructuring plan, the Company is committed to fulfilling its debt obligations and ensuring the stability of its financial operations. The Company will keep all stakeholders informed through official channels.