Summary by Moomoo AI
U.S. RETAIL (STOCK CODE: 493) ISSUED A SUPPLEMENTAL ANNOUNCEMENT ON DECEMBER 29, 2023 CLARIFYING THE SETTLEMENT OF ITS $5 BILLION CONVERTIBLE NOTES ISSUED ON JUNE 30, 2020, IN THE AMOUNT OF US$1 MILLION AND MATURING IN 2023. The announcement notes that the equivalent of RMB 1.45 million will be issued in accordance with the general mandate granted by shareholders at the Annual General Meeting on 21 September 2023. IN ADDITION, THE COMPANY WILL CONTINUE TO NEGOTIATE WITH BONDHOLDERS ON THE REMAINING OUTSTANDING BONDS AND INTEREST DUE. The announcement was issued by Zhang Dazhong, President of Retail, China.