Fengxiang Group (09977.HK) has the right to further collect and receive initial distribution of certain new Fengxiang financial undistributed liquidation assets.

Wisdom Finance News App reported that Phoenix Wealth (09977.HK) released an announcement regarding the overdue repayment dispute, judicial reorganization, and initial distribution of creditors' settlement arising from the new Phoenix Finance. Recently, the company received notification from the manager that the company has the right to further collect and distribute a certain amount of undistributed liquidation assets, including 202,100 yuan in cash, 1,748,800 trust units under Trust 1 with a corresponding underlying asset value of 355,700 yuan, and 1,748,800 trust units under Trust 2 with a corresponding equity value of 70,600 yuan.