Transaction Overview - Rongsheng Real Estate Development Co., Ltd. plans to resolve outstanding debts with several construction companies by signing a debt settlement agreement with Langfang Bank, utilizing assets from its subsidiaries as collateral [3][4][5] - The transaction involves the transfer of four assets valued at a total of 80,000.00 thousand yuan to offset debts owed by the subsidiaries to Langfang Bank [3][4] Financial Data of Langfang Bank - As of December 31, 2024, Langfang Bank's total assets amounted to 302.84 billion yuan, with total liabilities of 276.78 billion yuan and total deposits of 231.72 billion yuan [7] - The bank's total loans stood at 169.67 billion yuan [7] Financial Status of Related Construction Companies - Nanjing Ninglu Construction Co., Ltd. reported total assets of 129.61 million yuan and total liabilities of 129.53 million yuan as of December 31, 2024, with a net asset value of 0.76 million yuan [8] - Hebei Zhongkai Construction Engineering Co., Ltd. had total assets of 106.35 million yuan and total liabilities of 89.32 million yuan, resulting in a net asset value of 17.03 million yuan as of December 31, 2024 [9] - Zhonghe Construction Co., Ltd. reported total assets of 160.61 million yuan and total liabilities of 156.22 million yuan, with a net asset value of 4.39 million yuan as of December 31, 2024 [10] - Xieyi Garden reported total assets of 307.71 million yuan and total liabilities of 308.53 million yuan, resulting in a net asset value of -0.82 million yuan as of December 31, 2024 [11] - Chaoan Garden had total assets of 155.92 million yuan and total liabilities of 156.53 million yuan, with a net asset value of -0.62 million yuan as of December 31, 2024 [12] Asset Details for Debt Settlement - The assets involved in the debt settlement include urban residential land and various properties, with specific valuations for each asset: - Asset 1 valued at 422.12 million yuan - Asset 2 valued at 78.05 million yuan - Asset 3 valued at 103.59 million yuan - Asset 4 valued at 206.40 million yuan [3][13][14][15] - The assets are subject to existing mortgage restrictions and are being utilized to offset debts owed to Langfang Bank [13][14][15] Legal and Regulatory Aspects - The transaction has been approved by the company's board and does not constitute a related party transaction or a major asset restructuring as defined by regulations [4][5] - The agreement requires further approval from the company's shareholders [5]