Summary by Futu AI
HEJIAN INTERNATIONAL HOLDINGS LIMITED (“HOPE EDUCATION”) ISSUED A NOTICE ON 29 FEBRUARY 2024, CITING THE DIFFICULTY OF THE COMPANY FACING A SELECTED REDEMPTION DATE TO REDEEM ZERO-YIELD CONVERTIBLE BONDS MATURING IN 2026. This difficulty stems from the external environment and the current financial situation of the company. THE COMPANY HAS APPOINTED PROFESSIONAL CONSULTANTS TO EVALUATE THE CAPITAL STRUCTURE AND CASH FLOW AND SEEK SOLUTIONS IN THE INTERESTS OF BOTH PARTIES. Education wants to emphasize that its school business operations are maintained and supported by domestic financial institutions. The Company will make further announcements on this matter. Shareholders and potential investors are reminded to exercise caution and seek professional advice when needed.