*ST Kerry (002072): Creditors Agree 385 Thousand Yuan To 3 Million 470 Thousand And 500 Yuan Debt.

In October 25th, *ST Kerry issued a notice on signing a debt repayment agreement with creditors.

The announcement shows that in October 24, 2019, *ST Kerry signed a debt repayment agreement with the company's creditors, Zang Liming. As of September 30, 2019, *ST Carey owed 3 million 855 thousand and 500 yuan in unliquidated debt at dawn. Due to the company's operating difficulties, insolvency, continuous losses and the risk of stock delisting, Zang Liming agreed that the company's payment of RMB 385 thousand yuan would remove the company's remaining debts of 3 million 470 thousand and 500 yuan.

*ST Carey said that because of the debt repayment agreement reached between the company and Mr. Zang Liming, the company's debt relief pressure and the company's debt repayment obligations of RMB 3 million 470 thousand and 500 were relieved, which will have a positive impact on the improvement of the company's financial position.

*ST Kerry is mainly invested in Internet information industry investment, textile products sales and trade, investment management and consulting, mining investment and so on. The company went public in October 18, 2006.