On November 12, Gronglohui announced that on November 12, 2024, Songdu Service (09608.HK) repaid a total amount of approximately 9 million australian dollars in convertible bonds to Black Cat, including approximately 9 million australian dollars in principal and interest income of approximately 26,284.85 australian dollars. As of the date of this announcement, the total interest income generated by the convertible bonds is recorded at approximately 0.7 million australian dollars.
Since the end of October 2024, the group has been in discussions and negotiations with Black Cat in hopes of reaching a feasible and acceptable extension to the repayment plan. Despite the efforts made by the group, no consensus has been reached as of the date of this announcement. In addition, the group has also been seeking legal advice under Australian law on further actions the group may take.