Summary by Futu AI
HOPE EDUCATION (HEDUS INTERNATIONAL HOLDINGS LIMITED) ANNOUNCED ON MARCH 2, 2024 THAT DUE TO THE EXTERNAL ENVIRONMENT AND THE COMPANY'S CURRENT FINANCIAL SITUATION, THE COMPANY FACED DIFFICULTIES IN CHOOSING A REDEMPTION DATE TO REDEEM ITS US$350,000,000 GUARANTEED CONVERTIBLE BONDS AND WAS UNABLE TO PAY THE RELEVANT BONDS ON TIME, RESULTING IN The occurrence of a breach of contract. THE CONVERTIBLE BOND IS ISSUED BY TEQU MAYFLOWER LIMITED AND IS UNCONDITIONALLY AND IRREVOCABLY GUARANTEED BY HOPE EDUCATION. The company is seeking solutions from professional advisors and is in constant communication with bondholders. The Company will make further announcements regarding any significant developments. Shareholders and potential investors are reminded to exercise caution and seek the advice of professional or financial advisors if necessary.