Supply and Marketing Grand Market: The holding subsidiary reached a settlement in the major retrial of the case, involving 1.176 billion yuan.

date
12/02/2026
The Supply and Marketing Grand Market announced that its holding subsidiary Changchun Meilifang has a dispute with Shengjing Bank due to mortgage guarantee, with an amount involved of 1.1764305 billion yuan. The case has gone through first instance, second instance, and was finally reviewed by the Supreme People's Court, which issued a "Civil Mediation Agreement". The mediation agreement shows that Shengjing Bank has a creditor's right over Changchun Meilifang, and Changchun Meilifang is required to retain a debt of 5.80658347 billion yuan and compensate 4.47285142 billion yuan. Changchun Meilifang will repay 6.15625100 billion yuan of principal and interest over 10 years, and pay the stocks within 30 days. This lawsuit has no significant impact on the company's current or future profits.