Yatai Group announced that the company and its subsidiaries added 105.0811 million yuan of overdue debt, accounting for 16.98% of the company's most recent audited net assets attributable to the parent company. As of the date of disclosure of the announcement, the principal and interest on overdue debts of the Company and its subsidiaries had accumulated $7054.309 million, accounting for 1139.66% of the net assets attributable to the mother in the most recent period. Overdue part of the debt may cause the company to bear additional expenses such as liquidated damages, or face the risk of litigation or asset freezing. The company is in negotiations with creditors to resolve the debt crisis through loan extensions, etc., and at the same time raise funds for debt repayment through multiple channels.

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