sailing(SZ:300588) Shang Hai Zheng Quan Bao·2025-08-04 19:47Core Viewpoint - The company has successfully passed a resolution for debt restructuring of certain receivables, which is expected to positively impact its profit for the year 2025 [6][15][20]. Group 1: Board Meeting Details - The fifth board meeting of Xinjiang Xiling Information Technology Co., Ltd. was held on August 1, 2025, in Shanghai, with all 7 directors present [4][5]. - The meeting was convened in accordance with relevant laws and regulations [5]. Group 2: Debt Restructuring Proposal - The board approved a proposal for debt restructuring concerning receivables from a local public security bureau, with a total expected recovery of 103.5 million yuan [15][18]. - The restructuring aims to accelerate cash flow recovery and reduce receivables risk, thereby strengthening long-term customer relationships [19][20]. Group 3: Monitoring Committee's Opinion - The supervisory board also approved the debt restructuring, stating it would facilitate quicker recovery of receivables and enhance cash flow [11][20]. - The supervisory board confirmed that the restructuring does not harm the interests of the company or its shareholders [11][20]. Group 4: Background and Context - The debt restructuring is part of a broader national policy aimed at addressing local government debt issues and ensuring financial stability [15][18]. - The specific projects involved in the restructuring relate to contracts totaling 320.43 million yuan, with 160.93 million yuan already recovered [15][18].