Summary by Moomoo AI
On January 1, 2024, Evergrande announced that the Newton Group Share Subscription Agreement and Debt Transfer Subscription Agreement, originally scheduled for December 31, 2023, have lapsed due to the failure to reach consensus on an extension of the deadline. Nevertheless, the relevant Contracting Parties and stakeholders are still negotiating the key terms of the proposed Transaction and Debt Transfer. The Company will continue to update the announcement on a monthly basis pending a decision on the proposed transaction and the transfer of debt. Shareholders and potential investors should exercise caution and the Company will make the necessary announcements in accordance with the Acquisition Code and Listing Rules.