July 19，Zhonghong Holdings Co., Ltd. (stock code: 000979) announced，The total amount of overdue debt principal and interest of the company and its subsidiaries is 44.0.6 billion yuan，All types of loans。

Announcement display，July 18，The total amount of new overdue debt principal and interest of Zhonghong Co., Ltd. and its holding subsidiaries is 36.21 million yuan，All types of loans。The specific details of new overdue debts are as follows: 

Zhonghong shares stated 188bet app in the announcement，If the company cannot properly resolve overdue debts，The company and its holding subsidiaries may face litigation due to overdue debts、Arbitration、Bank account frozen、Assets are frozen and other matters，It may also cause more creditors to file lawsuits (arbitration) due to property preservation measures，The company may face the need to pay related liquidated damages、Late fees, penalty interest, etc.，It will have an adverse impact on the company’s future financing，Increasing the company's financial expenses will aggravate the financial stress faced by the company，It will affect the company’s production, operation and business development，It will have an impact on the company’s performance in 2018。

Currently，The company is actively negotiating with relevant creditors for an appropriate solution，And we are making every 188bet sports betting app download effort to raise debt repayment funds，Strive to resolve the above overdue debt issues as soon as possible。Later specific plans include seeking reorganization、Accelerate asset sales and collect accounts receivable。