Kinetic Development Group issued a supplemental announcement that updated information in its earlier disclosure about the Third Supplemental Agreement to the 2020 Loan Agreement. The company said total unpaid interest accrued since 22 June 2020 amounted to RMB11.51 million. It said this unpaid interest will be repaid together with the loan principal at maturity on 31 December 2027. The company also said Zhang Li provided a personal guarantee covering the loan, the unpaid interest and future interest under the Third Supplemental Agreement.
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