LYPM(SZ:002501) Shang Hai Zheng Quan Bao·2025-10-20 20:16Core Points - The company, Jilin Liyuan Precision Co., Ltd., held its 15th meeting of the 6th Board of Directors on October 20, 2025, where a unanimous decision was made to approve a debt restructuring proposal [1][2][6] - The debt restructuring aims to accelerate the recovery of receivables and minimize potential bad debt losses, with a total outstanding amount of 46,400,997.84 yuan owed by Jiangsu Jiangding Plastic Industry Technology Co., Ltd. [5][16] - The restructuring plan includes a repayment schedule divided into seven installments, with the final payment due by June 20, 2028 [11][16] Debt Restructuring Overview - The company filed a lawsuit against Jiangsu Jiangding for the immediate payment of 51,400,997.84 yuan, of which 5,000,000.00 yuan has been paid, leaving a balance of 46,400,997.84 yuan [5] - The debt restructuring agreement will involve guarantees and collateral from multiple parties, ensuring the company's rights are protected [13][14] Financial Implications - As of December 31, 2024, the company had made provisions for bad debts amounting to approximately 44,600,997.84 yuan, which may be reversed if the restructuring is successfully implemented [16] - The successful execution of the debt restructuring is expected to have a positive impact on the company's financial condition and operational results [16]