On September 23, Gelunhui reported that shenyang yuanda intellectual industry group (002689.SZ) announced that based on many years of good cooperation foundation with Yunnan Urban-Rural Construction Investment Co., Ltd. (hereinafter referred to as 'Yunnan Urban-Rural Investment') and the expectation of long-term cooperation, considering the financial situation and funding pressure of Yunnan Urban-Rural Investment, in order to expedite the collection of accounts receivable, reduce the risk of bad debt loss of accounts receivable, and maintain the financial stability of itself, the company conducted a property mortgage with Yunnan Urban-Rural Investment.

The company signed a "Debt-to-Debt Conversion Agreement" with Yunnan Urban-Rural Investment, whereby Yunnan Urban-Rural Investment transferred 6 properties under its subsidiary Diqing State Development Investment Group Shangri-La Land Co., Ltd. (hereinafter referred to as 'Diqing Property') at a price of 12.85953 million yuan to offset the outstanding equipment project payment owed to the company.