Yiju Enterprise Holdings announced on February 26 that as part of the relevant internal restructuring, the company must transfer Shanghai Kerui Information Technology Co., Ltd. (an entity holding the business and assets of the Kerry Group) to TM Home, so that after the effective date of the restructuring, the plan creditors will actually hold 65% of Shanghai Kerry's rights because they own 65% of TM Home's rights. However, a Chinese bank recently advised the company that it would not agree to cancel Shanghai Crewe's guarantee liability. The Company will take all necessary measures to resolve any outstanding matters with the Bank of China before the deadline to be implemented on the effective date of the restructuring (March 31, 2024). The company is currently considering the impact of failure to reach an agreement with the Bank of China on the restructuring and share offering.
易居企业控股：将采取所有必要措施与银行解决未决事项，推进实施重组
Yiju Enterprise Holdings: All necessary measures will be taken to resolve outstanding matters with the bank and proceed with the implementation of the restructuring
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