Yue Hui Holdings Group: Still facing severe liquidity pressure.

On the evening of June 29th, Xuhui Holdings Group announced on the Hong Kong Stock Exchange that on December 29, 2025, the group implemented a restructuring of its overseas debt through a planned arrangement. As of the date of this announcement, the company and the group still face serious liquidity pressure. The group has explored alternative sources of funding in order to fulfill its payment obligations under this plan. Despite these efforts, the group is unable to obtain sufficient financing resources in the current market environment. Therefore, the company regrets to announce that it is unable to make the payment at the minimum cash maturity date for option 2. This constitutes a default event under the new debt instruments issued under the plan. The company expects that as of June 29, 2026, it will not make any future installment payments of the minimum cash for option 2, as well as the principal and interest of all outstanding or due overseas financing obligations. On this matter, the company has engaged Huali Annoji Limited as its financial advisor and Allen & Overy LLP as its legal advisor to assist in developing an appropriate overall solution.