SUMMI(00756) has not completed the debt restructuring involving approximately 1.7311 million US dollars in principal, and requested to postpone the hearing until May 4th.

SUMMI (00756) announces that the company has signed a main loan restructuring agreement with five banks (restructuring loan providers) among the petitioners. According to the restructuring agreement and related arrangements, the total outstanding principal amount related to the restructuring loan providers is approximately USD 10.8588 million (equivalent to approximately HKD 84.7 million). The company has properly managed and arranged the repayment of the above debt through bond financing and loans from controlling shareholders. As of the date of this announcement, only one bank remains among the petitioners, namely South China Commercial Bank Limited (remaining loan provider), with outstanding principal of approximately USD 1.7311 million (equivalent to approximately HKD 13.5 million) yet to complete the debt restructuring process. Given that the company has successfully reached restructuring agreements with the majority of the petitioners and resolved related debts, the board believes that the company's current debt crisis has been alleviated, and its financial condition and liquidity pressure have been significantly eased. The company is actively negotiating with the remaining loan provider and making progress towards a consensus. Due to the restructuring loan providers needing time to process the administrative procedures to withdraw their support for the petition; and the remaining loan provider needing to take over the petition process and apply to the court for amendments to the petition, after agreement from all parties involved, the company received a court order on January 29, 2026, through its legal representatives, postponing the petition hearing scheduled for February 2, 2026, to May 4, 2026, at 9:30 am.