Yatai Group announced that the company added 1,996 billion yuan of overdue debt, accounting for 322.44% of the company's net assets attributable to the parent company in the most recent audit. As of the date of disclosure of the announcement, the principal amount and interest on overdue debts of the Company and its subsidiaries totaled $5.880 billion, accounting for 949.88% of the latest audited net assets to mother. Overdue part of the debt may cause the company and its subsidiaries to bear additional expenses such as penalties and interest, or face the risk of litigation or asset freezing. The company is in negotiations with creditors to resolve the debt crisis through loan rollover, adjustment of interest payment methods, etc., while also raising funds for debt repayment.

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