Suning's debt restructuring is still ongoing, rumors circulating on the internet are not true.

A recent news about "Former Jiangsu richest man Zhang Jindong's assets being cleared, with Suning's trillion-dollar debt restructuring completed" has sparked attention online. On March 22nd, a reporter from Shanghai Securities News learned from the relevant managers of Suning's restructuring case that the online news is not true, and the debt restructuring work of Suning is still ongoing. The manager explained that since January 2025, when the Intermediate People's Court of Nanjing, Jiangsu Province accepted the "Suning Appliance Group Corporation restructuring case", the 238.7 billion yuan debt restructuring of Suning Appliance Group has been in progress. According to the court's restructuring plan, the assets of all 38 companies including Suning Appliance Group will be included in a trust plan, with the remaining debts being settled through receiving trust units except for some with property guarantees and cash payments. As part of this process, Suning Holding Group chairman Zhang Jindong and his wife will inject all their equity, real estate, cash, financial assets, and collections into the restructuring trust for debt settlement, but the specific procedures and contents have not been publicly disclosed. The circulating online content such as "retaining only a 68-square-meter housing for basic living, with no other independently dispositional large assets" is not true.