KWG GROUP (01813) signed a restructuring support agreement with several initial participating creditors.

KWG GROUP (01813) announced that on June 15, 2026, the company entered into a restructuring support agreement (the "Restructuring Support Agreement") with certain initial participating creditors (the "Initial Participating Creditors"). These initial participating creditors include members of the noteholders group, who hold a total outstanding principal amount of debt to be included in the restructuring of 26.1% or more. The Restructuring Support Agreement details the terms of the restructuring. The proposed restructuring aims to: (i) provide the company with a long-term pathway to stabilize its business; (ii) achieve a sustainable capital structure and enhance its asset value; and (iii) protect the rights of all stakeholders and maximize value. Broad support is a necessary condition for the successful restructuring. The company urges all remaining holders of debt within the scope who have not yet signed the Restructuring Support Agreement to join as soon as possible. This is an important milestone in the company's restructuring process, and the company sincerely thanks the noteholders group and their advisors for their continued support and active participation in advancing this process. The company intends to implement the restructuring through planned arrangements in Hong Kong and/or the Cayman Islands, and through any other corporate actions, legal proceedings, or other processes or steps deemed necessary by the company and its advisors to implement the restructuring agreed upon with the majority of the noteholders group members. The planned arrangements are a statutory mechanism that allows the relevant courts to approve compromises or arrangements approved by the required majority vote of the relevant creditor groups. It is not a bankruptcy liquidation process, and the company expects to initiate the implementation of the restructuring process as soon as possible in accordance with the terms set out in the Restructuring Support Agreement. The restructuring scheme covers the company's foreign debt, with a total principal amount of approximately 4.833 billion US dollars, including 3.956 billion US dollars of senior notes, 0.380 billion US dollars of syndicated bank loans, and 0.497 billion US dollars of other loan financing liabilities borrowed or guaranteed by the company (collectively referred to as the "Debt within the Scope").