Shanghai Shimao Co. Ltd. failed to pay amount of principal and interest on 21 Shanghai Shimao MTN002, payable on March 30, 2024 of CNY 6,717,282.19, including CNY 6.4 million in principal and CNY 317,282.19 in interest. 21 Shanghai Shimao MTN002: Failed to pay principal and interest due on May 6, 2024.