Zheng Quan Zhi Xing·2025-06-20 12:24Core Viewpoint - The report discusses the resignation of Liu Tao, the general manager of Xinxing Casting Co., Ltd., and its implications for the company's operations and debt repayment capacity [4]. Group 1: Company Overview - Xinxing Casting Co., Ltd. is located in Wuan City, with its legal representative being He Qishu [3]. - The company issued bonds in 2021 aimed at qualified investors, with specific provisions for interest rate adjustments and investor redemption options [3]. Group 2: Management Changes - Liu Tao submitted his resignation on June 13, 2025, due to work-related reasons, and will no longer hold any position within the company [4]. - His resignation will not affect the minimum number of board members required by law, and the company will proceed with the necessary procedures to appoint a new general manager [4]. Group 3: Impact on Debt Repayment Capacity - The change in management is considered a normal occurrence in the company's operations and is not expected to adversely affect daily management, production, or debt repayment capabilities [4]. - The trustee, Everbright Securities, will continue to monitor the company's operational and financial status, as well as the repayment of bond principal and interest [4].