China Aoyuan suspends offshore debt payments after note default triggers cross-default

• China Aoyuan Group missed interest due March 30, 2026 on Relevant Notes beyond 30-day grace period, triggering an Event of Default.
• Default also triggered cross-default under certain offshore financings.
• Payment suspension set from March 30, 2026 for all principal and interest on all offshore financing obligations, with subsidiaries expected to similarly halt offshore debt service.
• KPMG Advisory (Hong Kong) engaged as financial adviser; Linklaters engaged as legal adviser to assess liquidity and develop comprehensive offshore restructuring solution.
• No acceleration notices reported from offshore creditors so far, aside from previously disclosed Mortgage Loans notices.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Aoyuan Group Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260504-12141671), on May 04, 2026, and is solely responsible for the information contained therein.