YEPI definition
Examples of YEPI in a sentence
As at the date of this announcement, YHTH and YEPI are the controlling shareholders of the Company and therefore connected persons of the Company, and this transaction constitutes a connected transaction of the Company under Chapter 14A of the Listing Rules.
On 31 December 2024, the Company entered into the Perpetual Securities Agreement with the controlling shareholders of the Company (namely, YHTH and YEPI), pursuant to which YHTH and YEPI agreed to convert their respective ordinary securities of the Company into perpetual securities.
The Company shall settle the perpetual securities in order of the fees, liquidated damages, compensation, deferred interest and principal amount accordingly when it pays all or a portion of corresponding amount of the perpetual securities to YHTH and YEPI in accordance with the Perpetual Securities Agreement.
Deferred payment of interest: If there is no compulsory interest payment event before the interest settlement date, the Company shall notify YHTH and YEPI in writing 5 working days in advance before each interest settlement date, and the Company has the option to postpone the payment of current interest and all the interest deferred according to this clause to the next interest settlement date without any restriction on number of deferred interest payments and accruement on defferred interest.
As of 30 June 2024, YHTH held ordinary securities of the Company with principal and interest totaling RMB9,202,490,250.93, and YEPI held ordinary securities of the Company with principal and interest totaling RMB689,179,918.06 (hereinafter referred to as the “Subject Securities”).