Yida China Holdings Limited (Stock Code: 3639) announced that an indirect wholly owned subsidiary entered into a trust fund loan contract in May 2017 with Bohai International Trust Co., Ltd. The agreement had a total contracted amount of 1.60 billion renminbi, while the outstanding principal currently stands at 498.00 million renminbi with a maturity date of 2 May 2025 at a 4% interest rate. Multiple property and equity pledges were provided as security, alongside joint and several liability guarantees.

According to the announcement, as of 30 June 2025, the group recorded 6.44 billion renminbi in overdue borrowings, which triggered additional default events. The group also had a further 5.11 billion renminbi in borrowings subject to immediate repayment if lenders require. As of 28 February 2026, cross-default resulting from unpaid amounts on the maturity date was approximately 4.22 billion renminbi, already included in the total default figures.

The board stated that the relevant overdue borrowings constitute a default. Discussions with lenders are ongoing, and further announcements may follow as the financial impact is assessed. The date of the announcement was 3 March 2026, and investors are advised to consider the associated risks when dealing in the securities of Yida China Holdings Limited.