China Galaxy (06881) announced that galaxy yuanhui, a wholly-owned subsidiary of the company, has recently received the "Civil Mediation Statement" issued by the Shanghai Financial Court, confirming that the parties voluntarily reached the following agreement, that is, Shanghai Dahan Real Estate Co., Ltd. should pay the transfer of the beneficiary rights of the trust of 227 million yuan to the designated account of Galaxy Yuanhui by December 11, 2018; Shanghai Dafeng Asset Management Co., Ltd., Shanghai Dafeng Investment Group Co., Ltd. and Sun Jinglong shall pay a total of RMB800,000 in legal fees and letter of guarantee fees to the designated account of Galaxy Source by December 31, 2018; The litigation costs and property preservation fees in this case shall be borne jointly by Dafeng Assets, Dafeng Investment and Sun Jinglong, and shall be paid to the designated account of Galaxy Source before December 11, 2018.
As of December 11, 2018, Galaxy Source has received the above items 1 and 3. At present, the company's various business operations are normal.
![Yuan Shuhong succeeded Song Dahan as secretary of the party leading group of the Legislative Affairs Office of the State Council[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)