Shang Hai Zheng Quan Bao·2025-10-13 18:20Core Points - The Industrial and Commercial Bank of China (ICBC) Shanghai Branch has transferred its principal debt rights and all rights under the guarantee contracts to CITIC Financial Asset Management Co., Ltd. Shanghai Branch through an asset transfer agreement [1] - CITIC Financial Asset Management Co., Ltd. Shanghai Branch is now the assignee of the debts and is requiring the debtors and guarantors to fulfill their payment obligations immediately [1] Summary by Sections - Asset Transfer Agreement: ICBC Shanghai Branch has signed an asset transfer agreement with CITIC Financial Asset Management Co., Ltd. Shanghai Branch, transferring its rights related to certain debtors and their guarantors [1] - Notification to Debtors and Guarantors: Both banks have jointly announced the transfer to inform all relevant parties, including debtors and guarantors, of their obligations under the contracts [1] - Payment Obligations: CITIC Financial Asset Management Co., Ltd. is demanding that the debtors and guarantors fulfill their payment obligations as per the main debt contracts and guarantee contracts from the date of the announcement [1]