Shenyang Cuihua Jewelry Co., Ltd. announces its subsidiary, Shenzhen Cuihua Jewelry, has defaulted on a new loan of RMB 30 million due to tight liquidity. The total overdue principal for the company and its subsidiaries is RMB 980.5191 million. The company is negotiating with creditors for loan extensions and repayment plans to mitigate financial risks.
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Shenyang Cuihua Jewelry Co., Ltd.
Announcement on New Borrowing Default by Company Subsidiary
The Company and all members of its board of directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false representations, misleading statements, or material omissions.
I. Borrowing Default Situation
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