Yida China: Default on debt with Liaoning Branch of China Export & Import Bank, amounting to 102 million yuan

Guanfawang News: On March 9, Yida China Holdings Limited announced that its indirectly wholly owned subsidiary, Yida Development, failed to repay the principal and interest of a loan from the Liaoning Branch of China Export & Import Bank on time, constituting a debt default. As of the announcement date, the principal balance of this debt restructuring was RMB 102 million.

The announcement shows that the loan was originally signed on December 8, 2023, with a debt restructuring agreement, restructuring the principal to RMB 102.6 million, an annual interest rate of 4%, with a maturity date of November 20, 2028. Multiple related companies provided guarantees such as property mortgage, sales receivables pledge, and joint liability guarantees.

Additionally, Yida China provided a supplementary disclosure regarding the March 3, 2026 announcement. Its related company, Gaiji Company, negotiated a debt extension with Bohai Bank under the support of local financial regulatory organizations, but as of the end of February 2026, no agreement had been reached.

As of February 28, 2026, the company estimates that the cross-default amount caused by the loan non-repayment is approximately RMB 4.223 billion. This default did not trigger any additional cross-defaults, and the related amount has been included in the total overdue and default amounts previously disclosed.

Yida China’s board of directors stated that the overdue loan has constituted a related debt default. The company is actively negotiating extension terms with relevant parties and will assess the financial impact, releasing further announcements as appropriate.

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