XUNLEI LIMITED Xunlei Extended Maturity Date of the Loan to Chizz (HK) Limited
Xunlei Limited (the "Company") (Nasdaq: XNET) announces that on September 14, 2023, the board of directors of the Company approved an extension of maturity date for the US$20 million term loan to Chizz (HK) Limited, a company controlled by Itui International Inc., our largest shareholder. Mr. Jinbo Li, our Chairman and CEO, is a founder and an officer of Itui International Inc. The term loan was previously approved on September 9, 2021 with a maturity term of two years and an interest of 3% per annum. After the extension of maturity term, the term loan got another two years before it becomes due. During the extended two-year maturity term, the term loan is subject to an interest rate of 5.10% per annum. The Audit Committee of the Company had also approved the maturity date extension.
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Xunlei Limited published this content on 15 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2023 10:22:08 UTC.
