According to the Zhitong Finance App, Yida China (03639) issued an announcement that unpaid and unpaid related interest may cause holders to request expedited repayment of senior notes due in 2025. The company recently received an expedited notice (note acceleration notice) from the trustee due to non-payment and unpayment of related interest. According to the trustee, the notice was issued at the direction of holders holding at least 25% of the total principal amount of senior notes (this term is defined in the contract). If the holder does follow the instructions of the contract to issue an expedited notice for the note, then the principal amount, premium (if any), accrued and unpaid interest on the senior note will be payable as soon as the contract expires.

The Group is doing its best to resolve and maintain close communication with note holders to find the best solutions and ensure that the interests of all stakeholders are protected.

Furthermore, trading continues to be suspended.