China Money Network APP News, Dongbei Group (601956.SH) announced that on September 12, 2024, the company received a lawyer's letter. Its subsidiary, Huangshi Dongbei Compressor Co., Ltd.'s customer, Wei Niya Corporation, has applied to the local court in South Korea for rehabilitation proceedings. Previously, in accordance with the "Enterprise Accounting Standards" and related accounting policies, the company had made provisions for bad debts based on the age of receivables for normal risk or low-risk portfolios. To objectively reflect the company's financial position and operational performance, and based on the prudence principle, the company, in accordance with the relevant provisions of the accounting standards, made impairment provisions for the remaining accounts receivable in full. On September 12, 2024, an additional bad debt provision of 8.3662 million USD was made for the accounts receivable from the customer Wei Niya Corporation.