Core Viewpoint - The company, Xuelang Environment, is facing a significant financial challenge due to a loan default, which has led to immediate repayment demands from Beijing Bank, affecting its financial stability and operations [1] Group 1: Loan Default and Financial Impact - The company signed a comprehensive credit contract with Beijing Bank on March 6, 2024, which has now resulted in a loan default situation [1] - Beijing Bank has demanded immediate repayment of overdue principal amounting to 4,122,287.03 yuan and an early repayment of 30,918,498.76 yuan, totaling 14.59% of the company's latest audited net assets [1] - The company is at risk of legal actions, including potential lawsuits, account freezes, and asset seizures due to the default [1] Group 2: Company Response and Future Actions - The company plans to actively negotiate with the bank to reach a resolution regarding the loan default [1] - There is an emphasis on enhancing accounts receivable collection efforts and improving cash flow management to address the overdue loan issues [1]
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