Right. If R32 is needed, it must be connected BEFORE R27, not after.
If the circuit is being controlled by an open collector/drain output, its logic should be reversed, using another inversion stage probably, so that the open collector/drain output is designated active-low. This is standard practice for open-collector outputs.
If the output is designated active-high it should not have a pullup; a pullup will make the circuit feed 6.5V onto VPP_4 in the default (output open) state, which would occur when the driving device is being held reset, if it's an 8051 for example.