SUNAC (01918): Reached a consensus with several representative creditors on the overseas debt restructuring plan.

SUNAC (01918) announced that, in view of the impact of the liquidation application in January 2025, and considering that the current industry situation is far from the expectations when the overseas debt restructuring plan was formulated, the company has maintained constructive communication with overseas creditors in the past few months to achieve a practical and feasible overall solution for overseas debts, completely resolve overseas debt risks, and build the capital structure and stable situation needed for sustainable operation. On April 17, 2025, the company reached an agreement with several representative creditors on the overseas debt restructuring plan, with the relevant terms outlined in the restructuring support agreement. Initial consenting creditors with a total debt amount of approximately $1.3 billion have signed the restructuring support agreement, and the company is aware that creditors holding debt amounts exceeding $1 billion have tentatively supported the restructuring plan and are going through necessary procedures to join the restructuring support agreement. The total debt principal held by these creditors (including initial consenting creditors) accounts for approximately 26% of the existing debt principal. The restructuring plan aims to provide creditors with a fair and equitable, optimal return while safeguarding the continuous operation of the group and achieving mutual benefits. Specifically, the plan provides the opportunity for creditors to convert their debt into equity to gain short-term liquidity and benefit from potential stock appreciation; completely resolve the group's overseas debt risk, achieve a sustainable capital structure, and further stabilize confidence in the group through the equity restructuring plan and team stability plan, to better promote project delivery, debt risk resolution, asset revitalization, and long-term business recovery in the future.