Group 1 - The announcement from Shanghai Clearing House indicates that Xinhua Lian Holdings Co., Ltd. failed to repay the principal and interest of its first phase medium-term notes due to cash flow issues caused by the pandemic, with a total issuance amount of 1 billion yuan [1] - Xinhua Lian Holdings was placed into reorganization on August 9, 2022, and has faced issues with timely report disclosures, recently receiving a regulatory decision notice [1] - The Beijing First Intermediate Court extended the execution period of the reorganization plan for Xinhua Lian Holdings and six other companies until August 23, 2025, and on June 26, 2025, the court ruled that the reorganization plan was completed, leading to the cancellation of seven bonds [1] Group 2 - The main underwriters, China Merchants Bank Co., Ltd. and China Merchants Securities Co., Ltd., are monitoring the issuer's status and the progress of creditor meetings [1] - Future arrangements include maintaining communication between the main underwriters and the issuer, urging the issuer to disclose significant matters, raise funds for debt repayment, and comply with information disclosure regulations [1]