Gelonghui, March 6, 丨 Greek Education International Holdings (01765.HK) announced that on March 5, 2024, the company received a statutory demand for debt repayment from a legal representative acting on behalf of the creditor of the convertible bond (“creditor”) under section 178 (1) (a) or 327 (4) (a) of Chapter 32 (Companies (Liquidation and Miscellaneous Provisions) Regulations, requiring the company to pay a total of US$324,706,096.59, that is, the principal amount of the bond subscribed by the creditor along with its accrued interest.

The statutory debt repayment statement requires the company to repay the amount within three weeks from the date the statutory claim is delivered; otherwise, the creditor may file a winding-up petition against the company. The company is seeking legal advice on this amount under the statutory debt repayment statement. At the same time, the company will discuss with creditors to arrive at an amicable solution that meets the common interests of creditors and the company.