Wanying Finance announced a three-month extension to obtain more than 2 million convertible bonds.

Peer-to-peer platform Wanying Finance issued the Announcement on Creditor's Rights Extension of Wanying Financial Platform in official website, which will implement the strategy of extending the platform target for three months, and provide debt-to-equity swap options for users with an amount of RMB 2 million or more.

Online Loan Home News P2P platform Wanying Finance issued the Announcement on the Extension of the Creditor's Rights of Wanying Financial Platform in official website, which will implement the strategy of extending the platform target for three months.

According to the announcement, Wanying Finance is overdue and will be extended in the near future. In order to better solve this problem, the management and supervision department of Wanying Finance will introduce professional institutions (including but not limited to law firms and asset appraisal institutions) through communication to solve the overdue debt problem on the platform openly, orderly and safely.

During the exhibition, the platform promises that the platform website, servers and systems will be maintained normally, and the assets recommended by the core enterprises will be suspended after the deadline, except for the assets recommended by the core enterprises that can be repaid normally. For the target of normal debt service on the asset side, the platform promises that the funds will flow one-to-one to ensure normal payment.

During the extension period of the expired project, the platform allows individuals and non-performing asset disposal institutions to participate in asset disposal, and at the same time applies to the Financial Office for opening a special application for asset discount transfer (the original rate of return is not allowed according to the provisions of 108).

In addition, the platform will communicate with shareholders to open the equity of Wanying Finance and provide debt-to-equity swap options for users whose pending income exceeds 2 million yuan (inclusive). At the same time, it also screens valuable equity projects in the system, hoping to provide investors with more options for debt-to-equity swaps.

At present, the platform has submitted a list of movable property and realizable assets to the Financial Office, and will introduce an asset appraisal agency to disclose the appraisal results. At the same time, the assets will be realized, and the realized funds will enter a special account (the account and fund status will be disclosed in the future), which will be used to repay Wanying investors first.

It is mentioned in the announcement that if the funds are in place in advance, they can be paid in advance. At the same time, the platform set up an emergency communication team headed by President Yang Chen to be responsible for communication and coordination with borrowers.

According to official website of Wanying Finance, up to now, the total transaction amount of the platform is 46 1 billion, and the balance to be repaid is158.2 million yuan.

Attachment: Announcement on Extension of Creditor's Rights of Wanying Financial Platform