The restructuring plan of the Ascott Holdings Group's billion dollar corporate bond has been approved. The CFO says: "Strive to survive, stand up."

On September 15, Xuhui Group Limited under Xuhui Holdings Group announced that the restructuring plans of all its subsidiary company bonds have been approved, with a total amount of approximately 100.6095 billion yuan. These are all the outstanding corporate bonds under Xuhui Holdings Group. According to the agreement, within 30 trading days starting from September 12, Xuhui Group will respectively pay off and cancel 0.2% of the agreed number of outstanding bonds held in each agreed account. Xuhui Holdings Group CFO, Yang Xin, said, "The real estate market is still in a difficult bottoming period, and the real estate industry is undergoing a profound transformation. Facing the still complex market environment, the path from heavy to light transformation is by no means easy. In the future, Xuhui will strictly fulfill its corporate responsibilities according to the restructuring plan, actively fulfill commitments, embrace change with the spirit of a second venture, strive to survive and stand up."