On the morning of January 5, First Holdings Group announced on the Hong Kong Stock Exchange that the proposed restructuring of existing debts will be implemented in accordance with Hong Kong law through an arrangement plan. The structure of the proposed plan will be a compromise between the company and those who have a beneficial interest in the relevant existing debt at the record time. After the trading session on January 2, 2022, the company signed a restructuring support agreement with the initial participating creditors. Based on this, they have agreed to support and facilitate the proposed restructuring and proposed plan. Each participating creditor confirms that it will use its beneficial interest in the relevant existing debt to approve and fully support the proposed restructuring and proposed plan in accordance with the terms and conditions set out in the restructuring support agreement.

On the morning of January 5, First Holdings Group announced on the Hong Kong Stock Exchange that the proposed restructuring of existing debts will be implemented in accordance with Hong Kong law through an arrangement plan. The structure of the proposed plan will be a compromise between the company and those who have a beneficial interest in the relevant existing debt at the record time. After the trading session on January 2, 2022, the company signed a restructuring support agreement with the initial participating creditors. Based on this, they have agreed to support and facilitate the proposed restructuring and proposed plan. Each participating creditor confirms that it will use its beneficial interest in the relevant existing debt to approve and fully support the proposed restructuring and proposed plan in accordance with the terms and conditions set out in the restructuring support agreement.