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On March 27, Shanghai State-Owned Assets Management Co., Ltd. (SSAM) held a video conference & on-site project survey meeting in association with the potential partners. SSAM's relevant team renovated the work model, and conducted due diligence of the three collaterals for the project in real-time video. The two sides also exchanged ideas online on the debt optimization and restructuring of the project.

Aiming at the current liquidity problem of some enterprises caused by the epidemic, SSAM has taken an initiative as a local AMC, conducted epidemic prevention and control properly, developed its original work model with the Internet as the main front, endeavored to overcome information blocks, travel restrictions and other negative impacts, frequently employed information means to acquire a timely and intuitive knowledge of several subject matters in Jiaxing, Tongxiang and other cities, and intensely shared cloud data with law firms, lawyer firms and other intermediaries. Through carefully studying project features and flexibly designing the transaction structure, SSAM intervened in the project at the early stage when the project was under pressure, and strived to provide targeted bail-out service in time.

Besides, SSAM will continue to perform its mission and responsibility as an AMC, take multiple measures to support enterprises in accelerating work and production resumption, and actively resolve the liquidity risk of enterprises caused by the epidemic.