Core Viewpoint - The restructuring of Anxin Trust (now Jianyuan Trust) is making progress in addressing historical issues, with recent developments in the transfer of beneficiary rights and settlements with financial institutions [1][6]. Group 1: Beneficiary Rights Transfer - Jianyuan Trust has successfully completed the first batch of beneficiary rights transfer payments to investors who opted for the forward plan, in accordance with the three-month contract agreement [1][6]. - The second batch of beneficiary rights transfer offers was initiated by Shanghai Weian Investment Management for individual investors who did not sign contracts during the specified period [4][5]. - Investors who chose the immediate plan also received their first batch of transfer payments as scheduled [5]. Group 2: Financial Performance - In Q1 2025, Jianyuan Trust reported total operating revenue of 67.95 million yuan, a year-on-year increase of 55.74%, and a net profit attributable to shareholders of 26.34 million yuan, up 27.56% from the previous year [6]. - For the year 2024, Jianyuan Trust achieved total operating revenue of 310 million yuan, a decrease of 7.15%, while net profit attributable to shareholders was 53.16 million yuan, an increase of 25.15% [6]. Group 3: Institutional Settlements - Jianyuan Trust has completed settlements with two institutions, one being the Shanghai branch of the Bank of China, resolving outstanding debts through asset transfers [7][8]. - The debt settlement agreement with the Bank of China involved the transfer of various asset rights, resulting in the full repayment of the outstanding debt [8][9]. Group 4: Project Developments - The Jianyuan Trust Dongjiadu project has seen significant investment from six institutional investors, including a 6 billion yuan investment from Citic Bank [10][11]. - Citic Bank has transferred its 6 billion yuan trust beneficiary rights in the Dongjiadu project to Greenland Holdings, with the transaction terms adjusted to extend the payment period and reduce the interest rate [13][15][16]. - A natural person investor in the Dongjiadu project remains optimistic about the underlying asset value despite current challenges in monetization [10]. Group 5: Legal Proceedings - A natural person investor in the Guizhou New Rural Project has initiated legal proceedings against Jianyuan Trust after a year of court mediation, marking the case's formal entry into litigation [17].