Hoi Jia Holdings (00704.HK) received a default notice from Cinda Hong Kong, alleged to constitute a fundamental breach, and is required to top up so that cumulative repayment is no less than HK$18 million.

Zhitong Finance APP News, Hojai Holdings (00704.HK) issued an announcement regarding, among other things, the Company entering into (I) a supplemental agreement; (II) an equity mortgage agreement; (III) a charge and arrangement deed; and (IV) a third-party escrow agreement with China Cinda (Hong Kong) Asset Management Limited and/or its subsidiaries. On November 4, 2026, the Company received a notice of default issued by Cinda Hong Kong, which considered that the Company had failed to fully satisfy the minimum repayment obligation under the settlement agreement, and declared that: the Company had committed a fundamental breach; required the Company to immediately rectify the breach, perform its repayment obligation in accordance with the settlement agreement, and immediately top up to cumulative repayments of not less than HK$18 million upon receipt of this notice; before full top-up, the aforesaid fundamental breach continues to exist; Cinda Hong Kong reserves the right to take all necessary legal actions against the aforesaid breach in accordance with the settlement agreement and relevant laws and regulations, including but not limited to exercising and/or enforcing all rights, remedies, powers or discretions under the additional security documents pursuant to the settlement agreement, initiating court proceedings or collection procedures, etc.; and the aforesaid reservation of rights by Cinda Hong Kong and the issuance of the notice of default do not constitute a waiver or variation of any rights, remedies or arrangements under the settlement agreement.