Core Viewpoint - The company is taking legal action to resolve debt issues related to a significant amount of 7.77 billion yuan, indicating a proactive approach to risk management and financial recovery [1] Group 1: Legal Action and Financial Implications - The company's wholly-owned subsidiary, Kunming Company, has initiated litigation for debt resolution, highlighting the seriousness of the financial situation [1] - The case has been accepted by the Kunming Intermediate People's Court, which underscores the legal proceedings' formal recognition [1] - The involved amount of 7.77 billion yuan reflects a substantial financial obligation that the company is addressing through legal means [1] Group 2: Contractual Obligations and Defaults - The company had a contractual agreement with Yunnan Huigang Investment Co., Ltd. for the repurchase of land related to the Kunming Technology Industrial Park project [1] - Huigang Investment Company has failed to fulfill its payment obligations despite multiple reminders, indicating a breach of contract [1] - The agreement included specific terms regarding payment timelines and penalties for default, which are now being enforced through legal action [1]