Gelonghui July 1 | Bank of Harbin (06138.HK) announced that in order to optimize the company's asset structure, the company (as the transferor) signed a debt transfer agreement with China Cinda Heilongjiang Branch (as the transferee) on June 29, 2024. Based on this, the company agreed to transfer the underlying debt to China Cinda Heilongjiang Branch. The initial price of the transferable subject claim as agreed in the debt transfer agreement was RMB 150.3 million, subject to further upward adjustments (capped at approximately RMB 221.4 million)

The subject matter of the transfer is the subject-matter claim of the company as stated in the debt transfer agreement, including the principal claim and its security rights and ancillary rights formed on the basis of credit as of the reference date (i.e. March 31, 2024). As of this reference date, the principal balance of the underlying claim, interest, compound interest, and justice-related expenses, totaled approximately RMB 504.98 million, and the principal carrying balance was approximately RMB 351.43 million.