Zhitong Finance App News, Open Source Holdings (01215) issued an announcement. On the date of this announcement, the outstanding principal amount of China Gas's subscribers' convertible bonds was HK$77.8 million, along with accumulated but unpaid interest under it.

The Company hereby informs its shareholders and investors that on May 20, 2024, the subscribing party (a wholly-owned subsidiary of the Company) entered into a settlement agreement with China Gas. According to this, the outstanding principal amount of the convertible bonds will be repaid in installments before December 20, 2024; and the interest accrued or accrued under the convertible bonds will be repaid on December 20, 2024. Hu Yishi and Song Zhicheng (both major shareholders of China Gas) each provided guarantees to the beneficiaries as subscribers to guarantee part of China Gas's repayment liability under the settlement agreement.