Shimao Group (00813): The plan has received approval from the majority of the required plan creditors.

SHIMAO GROUP (00813) announced that, in accordance with the convening order, a planned meeting is scheduled to be held on the morning of February 24, 2025 at 11:00 a.m. (Hong Kong time) at the Shindler Law Firm, 39th Floor, International Finance Centre Phase 2, 8 Financial Street, Central, Hong Kong. A total of 2,079 holders of voting scheme debt (as defined in the explanatory letter) with a total amount of USD 11.74 billion are expected to attend the planned meeting in person, by duly authorized representatives, or appointed representatives to vote. A total of 2,053 holders (98.75% of the total number of scheme debt holders attending the planned meeting and participating in the vote) with a total amount of USD 110.40 billion (95.39% of the total amount of scheme debt holders attending the planned meeting and participating in the vote) have voted in favor of the scheme. Therefore, the scheme has received the necessary majority approval from scheme debt holders. The company will seek approval and rulings on the scheme from the High Court. The application for the ruling on the scheme will be heard on the morning of March 13, 2025 at 10:00 a.m. (Hong Kong time).