Huaxia Happiness Foundation Co., Ltd. announced on May 20asiaqualifiersworldcup2022football, the company announcedasiaqualifiersworldcup2022footballA debt restructuring plan was established to implement debt restructuring by optimizing and increasing the equity shares of subsidiary companies. Huaxia Happiness Plan has established a new subsidiary, transferred 30% of the equity of "Happiness Select Platform" and "Happiness Select Platform", and added no more than 25% of the equity of "Happiness Select Platform" to offset the company's financial debts. Relevant financial creditors will exchange claims of no more than 12.5 billion yuan in exchange for the above-mentioned additional equity.
