Letong Chem(SZ:002319) Shang Hai Zheng Quan Bao·2025-12-30 23:03Core Viewpoint - The company is disclosing the progress of a debt confirmation and repayment agreement related to its acquisition of Beijing Xuanshang Siyue Media Advertising Co., Ltd, indicating ongoing negotiations for extending payment deadlines and potential impacts on its financial obligations [5][6]. Group 1: Overview of Related Transactions - In April 2015, the company acquired 75% of Xuanshang Siyue for RMB 273 million, making it a subsidiary [1]. - In July 2016, the company completed the acquisition of the remaining 25% for RMB 91 million, resulting in full ownership [2]. - Subsequent agreements were made to clarify debt obligations and extend payment deadlines, with the final payment originally due by April 2020 [3][4]. Group 2: Current Status of Debt and Repayment - As of January 2025, the company signed a debt confirmation and repayment agreement, acknowledging a remaining payment of RMB 50.28 million due by December 31, 2025 [5]. - The company is currently negotiating with creditors regarding the extension of payment deadlines and has reached a preliminary consensus, pending final agreement [6]. Group 3: Impact on Company Operations - The company anticipates that the ongoing related transactions will not significantly impact its operational performance in the short term [6]. - Should an agreement on the extension not be finalized, the company plans to actively seek funds to repay the outstanding debts [6].