Core Viewpoint - Yili Holdings (00076.HK) has announced the sale of its remaining graphite ore inventory to AGL, with a total of 32,863,966 tons to be sold by December 2024, but AGL has failed to make the payment by the agreed deadline [1] Group 1: Sale Agreement Details - The sale agreement stipulates that AGL must pay a total of $296,433,000 by September 30, 2025, in installments [1] - AGL has proposed to either extend the payment deadline to December 31, 2026, or return the unused graphite ore [1] Group 2: Company Response - The company has issued a default notice to AGL, indicating that it will take all legal measures to protect its and its shareholders' interests [1] - After considering the associated risks, the company has decided to reject AGL's proposals for deferred payment or the return of unused graphite ore [1] - The company has notified AGL that all collateral held in the company's name is now owned by the company [1]

Core Viewpoint - Yili Holdings (00076.HK) has announced the sale of its remaining graphite ore inventory to AGL, with a total of 32,531,371 tons to be sold by December 2024, but the transaction is complicated by political instability in Madagascar affecting AGL's operations [1] Group 1: Transaction Details - The sale agreement stipulates that AGL must pay a total of $296,433,000 by September 30, 2025, in installments [1] - AGL is required to provide collateral to secure the payment [1] Group 2: Operational Challenges - AGL's production in Madagascar has been severely impacted due to recent political turmoil and a coup, leading to uncertainty regarding the repayment of the owed amount [1] - AGL has proposed to return the unused graphite ore to the company as a potential solution [1]