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How to redeem Evergrande products of Wanxiang Trust Company?

Wanxiang Trust Company’s Evergrande products are redeemed as follows:

In order to solve the redemption problem of Evergrande’s wealth management products, Evergrande has announced three redemption plans for investors to choose from: Investors can choose one of the three options for redemption, or a combination of any two or three options, including cash installment payment, physical asset payment, and payment against the final payment of the house purchase.

Option 1: Cash installment payment

1. Scope of cash installment payment: investment products with expiration of the contract.

2. Cash installment amount: the principal of the investment product and the agreed interest up to the maturity date of the product. No interest will be accrued after the product matures.

3. Cash installment arrangement: After the investment product matures, 10% of the above "cash installment amount" will be paid on the last working day of the expiration month, and thereafter every three months on the last working day Daily payment: 10% is paid on the first day of the third month until the above "cash: installment amount" is paid off

Option 2: Redemption of physical assets

1. Redemption of physical assets Scope: investment products whose contract period has expired, and investment products whose contract period has not expired but investors require early redemption of physical assets.

2. The redemption amount of physical assets:

(1) For investment products whose contracts expire, the redemption amount of physical assets is the sum of the principal of the investment product on the maturity date of the product and Contract interest. No interest will accrue after the product matures.

(2) For investment products whose contract period has not expired, the redemption amount of the physical assets shall be the principal of the investment product and the interest as of the date when the investor requests early redemption of the physical assets. No interest will be accrued after investors request early redemption.

(3) Investors can request early redemption of physical assets at any time in the second half of each month before the product expiration date.

Option 3: Offset the final payment of the house purchase

1. The final payment of the house purchase: refers to the unpaid balance of Evergrande Real Estate subscribed before 24:00 on September 12.

2. Offset redemption amount:

(1) For investment products whose contract expires, the offset redemption amount shall be the investment product principal and contract interest on the product maturity date. . No interest will accrue after the product maturity date.

(2) For investment products whose contract period has not expired, the redemption amount shall be the principal of the investment product plus the interest on the date when the investor requests to deduct the final payment of the house purchase in advance. No interest will be accrued after investors request early redemption.

3. Investors can use all or part of the "deducted redemption amount" to offset the final payment of their own or others' home purchases.