Yida China (03639.HK): is currently seeking legal advice and actively negotiating arrangements for the repayment of outstanding principal and accumulated interest on loans.

Wisdom Financial News APP, Yida China (03639.HK) announced that its subsidiary companies Rongtai Company and Zhengzhou Yida were unable to repay the principal and corresponding interest on a loan from Northern Trust. Recently, the company's subsidiary received a "Civil Complaint" from Northern Trust (plaintiff) delivered by the Second Intermediate People's Court of Tianjin against Rongtai Company (defendant one, borrower, mortgagor), Zhengzhou Yida (defendant two, co-guarantor, mortgagor), Dalian Software Park Rongyuan Development Co., Ltd. (defendant three, mortgagor), and Dalian Jiadao Technology Development Co., Ltd. (defendant four, mortgagor). The plaintiff requested the court to order: (i) defendant one and defendant two to repay the loan principal of approximately RMB 482 million and corresponding interest, penalty interest, and default interest, totaling approximately RMB 612 million by September 21, 2025; (ii) the plaintiff has the right to prioritize repayment within the agreed range of the mortgaged properties provided by each mortgagor at a discounted price or through auction or sale proceeds; and (iii) defendant one and defendant two bear the expenses incurred by the plaintiff in realizing the debt.