Shandong Molong Petroleum Machinery Company Limited (568) released additional details concerning its discloseable transaction and debt settlement arrangement. The announcement elaborates on the valuation basis for certain land use rights, buildings, constructions, and machinery, as well as the remaining receivables owed by Huarong Agricultural. According to the valuation report, the total appraised value of this land (together with buildings, constructions, and machinery) reaches approximately RMB361.85 million as of 31 January 2025. The company stated there had been no material changes in asset condition or market environment during the interval between the valuation benchmark date and 29 December 2025, when the Debt Settlement Agreement was signed.

Under the settlement’s terms, Shandong Molong Petroleum Machinery Company Limited indicates that approximately RMB361 million in outstanding debt from Huarong Agricultural—including accounts receivable under a prior agreement and an unpaid disposal consideration—has been addressed through this transaction. Following completion, the balance owed to the company under the original repayment arrangement will be reduced to around RMB91.45 million, while the outstanding disposal consideration will be fully settled. The company regards both the valuation and overall consideration as fair, reasonable, and beneficial to shareholders. No material new comparable land transactions or updated benchmark land price documents were identified, further supporting the appraisal’s validity.