Desun Real Estate Investment Services Group Co. Ltd. has announced the termination of a debt settlement agreement with Chengdu Yulai. Previously, Chengdu Desun, a wholly owned subsidiary of the company, had agreed to acquire settlement properties from Chengdu Yulai for RMB23,225,000, an amount set to offset receivables of RMB23,224,987.20 assigned to Chengdu Yulai. Following the new termination agreement, the original debt settlement arrangement has been cancelled, and Chengdu Yulai is required to repay the receivables in full to Chengdu Desun. The company stated that the terms of the termination agreement were reached through arm's length negotiations and are considered fair and reasonable.

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