This announcement details the progress of a related party transaction involving an early recovery of funds. Shareholder Zhang Peifeng is required to pay a total of 249,508,699.00 RMB, of which 78,570,000 RMB has been received. The remaining balance of 170,938,699.00 RMB is to be paid in eight installments by March 15, 2022. There are uncertainties regarding Zhang's ability to fulfill these payment obligations.
Summary generated by AI · Always verify with source document
Kaierui Holdings Co., Ltd. Progress Announcement on Related Party Transaction for Early Recovery of Partial Funds
The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Sign in to read the full translation
Free accounts get 10 full releases per month. Pro subscribers get unlimited access.