Zhengrong Real Estate (06158): An indirect wholly-owned subsidiary plans to restructure nine corporate bonds listed on the Shanghai Stock Exchange

Zhitong Finance App News, Zhengrong Real Estate (06158) issued an announcement. On August 7, 2026, Zhengrong Real Estate Holdings Co., Ltd. (Zhengrong Real Estate), an indirect wholly-owned subsidiary of the company, issued a creditors' meeting notice on the Shanghai Stock Exchange to announce that Zhengrong Real Estate plans to restructure nine corporate bonds listed on the Shanghai Stock Exchange, namely H21 Zhengrong 01, H20 Zhengrong 03, HRP9 Excellent, H Zhengrong 1 Excellent, H Zhengrong 2 Excellent, H Zhengrong 3, and H Zhengrong 4 (Listed) corporate bonds).

As of the date of this announcement, the total outstanding principal amount of listed companies' bonds was approximately RMB 6.661.4 billion or approximately RMB 7.203 billion (including accrued interest).

Zhengrong Real Estate is on the Shanghai Stock Exchange website (https://www.sse.com.cn/)刊发有关中国上市债券重组的框架的债权人会议通知. Under this framework, the restructuring of Chinese listed bonds will provide listed corporate bondholders with the following solutions:

(1) One-off cash payment: A one-time payment of RMB 64 million will be made to offset 8% of the outstanding principal amount (including accrued interest) of the listed company's bonds (which is expected to be no more than RMB 800 million). The payment will be made within two months after obtaining approval from most listed company bondholders for the restructuring of Chinese listed bonds.

(2) Use of sales proceeds from the three property projects: The sales proceeds from the three property projects (after deducting related loans and construction costs) are expected to be approximately RMB 179 million, and will be used to offset part of the outstanding principal amount of listed company bonds based on the ratio of each outstanding principal amount of RMB 100 to RMB 11 of sales proceeds. It is anticipated that the outstanding principal amount of listed company bonds offset in this way will not exceed RMB 1.6 billion. Proceeds from the sale will be kept in the trust account for five years.

(3) Replacement of remaining principal amount: The remaining principal amount (including accrued interest) of the listed company bonds will be replaced with new bonds with a maturity of about 8.5 years to be issued by Zhengrong Real Estate. The principal amount of the new bonds will be repaid after two years and will be paid quarterly. The applicable interest rate until the base date will remain unchanged (that is, the original coupon rate for the relevant listed company bonds), and simple interest will be calculated at an interest rate of 1% per year after the base date.