China Bluechem (03983.HK) announced on June 7, Glon Hui time, that on June 7, 2024, Zhong Hai Trust confirmed the company's application to redeem all the principal of RMB 350 million under the first trust plan agreement on June 11, 2024. The interest income generated by the redemption amounted to about RMB 1.38 million in total, with an average annual yield of 3.00%, which was calculated based on the level of product yield in the same period and the remaining investment period of the trust plan.

In addition, the company and Zhong Hai Trust agreed that the redemption and termination should not be considered a breach of the trust plan agreement, and there are no other unpaid debts or liabilities between the two parties except as disclosed below. According to the agreement, Zhong Hai Trust should pay the company the principal and interest invested in the trust plan on June 12, 2024.