According to the Zhitong Finance App, *ST Xifa (000752.SZ) issued an announcement. In order to facilitate resolution of the adverse effects of the company's historical lawsuits on the financial situation, the company plans to reach a partial debt settlement with Wenjin Trading and sign a debt settlement agreement based on the company's current situation.

In view of the loan contract dispute between Wenjin Trade and Tibet Development and Tibet Tianyi Longxing Investment Co., Ltd., the Chengdu Arbitration Commission issued (2018) Cheng Zhong Case No. 1227, ruling that Tibet Development and Tibet Tianyi Longxing Investment Co., Ltd. jointly repaid the loan of 150,000,000 yuan to Wenjin Trade and paid overdue interest to Wenjin Trade (based on the loan principal amount of 150 million yuan, calculated from 2018/5/11 until the date the loan principal was paid) and the lawyer's fee of 3,000 yuan, litigation preservation Liability insurance premiums are 168,800 yuan, arbitration fees 908,350 yuan, and protection fees of 5,000 yuan.

This time, it is proposed to reach a partial debt settlement with Sichuan Wenjin Trading Co., Ltd. and sign a settlement agreement. After the settlement agreement takes effect and is completed, it will help reduce the company's debt burden and have a certain positive impact on the company's current profit and loss.