China Hualu Group Limited experienced multiple financial activities and legal disputes after June 30, 2024. Ms. Wang Yuexian subscribed to the eight-year bonds issued by the company in 2013. Due to a dispute over exempting part of the principal, a lawsuit ensued, and the company was ordered to pay 5.5 million Hong Kong dollars. The company has paid approximately 6.443 million Hong Kong dollars to the plaintiff. After the plaintiff withdrew the lawsuit, another alleged creditor took over, with a judgment expected within three months from September 19, 2024. In addition, the subsidiary of the company, Mudanjiang BD Electrical Utilities, voluntarily liquidated. If the capitalization of shareholder loans is not accepted by the liquidator, the company may be liable for 0.15 billion RMB. The company believes it...Show More

China Hualu Group Limited experienced multiple financial activities and legal disputes after June 30, 2024. Ms. Wang Yuexian subscribed to the eight-year bonds issued by the company in 2013. Due to a dispute over exempting part of the principal, a lawsuit ensued, and the company was ordered to pay 5.5 million Hong Kong dollars. The company has paid approximately 6.443 million Hong Kong dollars to the plaintiff. After the plaintiff withdrew the lawsuit, another alleged creditor took over, with a judgment expected within three months from September 19, 2024. In addition, the subsidiary of the company, Mudanjiang BD Electrical Utilities, voluntarily liquidated. If the capitalization of shareholder loans is not accepted by the liquidator, the company may be liable for 0.15 billion RMB. The company believes it can offset this amount with shareholder loans, thus no financial provision was made for the voluntary liquidation of Mudanjiang BD Electrical Utilities. During the reporting period, the company did not issue any csi enterprise bond index. Details of the company's bank loans have been disclosed, with some loans under renegotiation, with fixed or floating interest rates. The company also provided details of capital commitments and contingent liabilities, including capital to be paid to certain Chinese subsidiaries and lease liabilities as of the reporting period end.