TTC(SH:600326) Shang Hai Zheng Quan Bao·2026-02-10 18:31Core Viewpoint - The company has reached an agreement with related parties to settle debts through the transfer of physical assets, specifically hotel properties, to ensure the recovery of accounts receivable totaling approximately 128.91 million yuan [2][3][9]. Group 1: Progress of Debt Settlement - The company has completed the construction and acceptance of the Linzhi Tianlu Enterprise Management Exchange Center project but has not yet recovered accounts receivable amounting to 147,957,489.58 yuan [2]. - An agreement has been signed with Xiamen Dongxiang Engineering Design Co., Ltd. to use assets for debt settlement, with the total debt to be offset being 12,891,020.00 yuan [2][3]. - The remaining accounts receivable will be addressed through a separate repayment plan [2]. Group 2: Main Content of the Related Transaction Agreement - The agreement involves Linzhi Woolen Factory using its legally owned hotel property to offset debts owed to the company [3]. - The total construction fee owed by Linzhi Woolen Factory to Xiamen Dongxiang is confirmed to be 146,436,751.39 yuan, while Xiamen Dongxiang owes the company 147,957,489.58 yuan [3]. - The agreement stipulates that all parties have fulfilled their construction obligations without any quality issues or potential liabilities [3]. Group 3: Repayment Plan - As of January 20, 2026, the company's accounts receivable balance from Xiamen Dongxiang is 143,434,341.15 yuan, with a proposed debt settlement amount of 128,910,200.00 yuan [15]. - The repayment plan includes five installments, with the first payment of 3,526,551.39 yuan due by June 20, 2026, and the final payment of 997,589.76 yuan due by December 20, 2026 [16][17][18]. - If any payment is missed, the company reserves the right to declare the remaining debt due immediately and pursue legal action [18]. Group 4: Other Situations - The company has claimed interest on overdue payments amounting to 15,410,000 yuan from Linzhi Woolen Factory and other parties [19]. - The company plans to evaluate the market conditions and asset valuation before selling the properties post-transfer to ensure shareholder interests are maximized and prevent state asset loss [19].