E-House Holdings: the Company failed to repay the 2022 note ...

E-House Holdings: the Company failed to repay the 2022 note on the maturity date of the 2022 note, which constitutes a breach of contract under the 2022 bill contract. This event in turn leads to the cross-breach of the letter contract of convertible notes, which triggers the cross-default under the bill contract in 2023. The relevant default event triggered under the 2023 bill contract will not automatically lead to the acceleration of the 2023 bill. At the request of the Company, trading in 2023 Notes will be suspended on the Stock Exchange at 09:00 on April 19, 2022 as a result of the above cross-default under the 2023 Notes Deed and will remain suspended until further notice.