Zhitong Finance App News, Taihe Holdings (00718) issued an announcement. On May 16, 2024, the company received a written confirmation from the agent confirming that all outstanding debts of the borrower under the financing agreement (including unpaid principal, accrued interest, and all other amounts payable under the financing agreement) have been fully repaid. According to the confirmation letter, the agent will release and/or cancel the guarantee as mentioned in the company's announcement dated March 5, 2024, and the agent will not take any further action against the borrower.

Jinzhou Jiachi recently learned that a domestic bank deposit of about RMB 1.1 million has been withdrawn and transferred to an account operated by a Chinese court to enforce the court decision. As of the date of this announcement, Jinzhou Jiachi did not receive any other Chinese court notices and/or documents relating to the withdrawal and transfer. Jinzhou Jiachi and its Chinese legal advisors are gathering further information on this withdrawal and transfer.

Furthermore, trading of the company's shares continues to be suspended.