activisionblizzardblockchain| Huaxia Happiness: Increase the equity share of subsidiaries and implement debt restructuring and equity compensation of 12.5 billion yuan

Gelonghui May 20| Huaxia Happiness Foundation Co., Ltd. announced a debt restructuring planactivisionblizzardblockchain, aims 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. Huaxia Happiness said that the optimization of debt restructuring will help listed companies continue to develop, improve financial conditions, enhance the overall value of the company, and protect the interests of creditors and shareholders.

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