ZHENRO PPT (06158): An indirect wholly-owned subsidiary plans to restructure its nine corporate bonds listed on the Shanghai Stock Exchange.

ZHENRO PPT (06158) announced that on August 7, 2026, its indirectly wholly-owned subsidiary ZHENRO PPT Holding Limited (ZHENRO PPT) published a notice of creditors' meeting on the Shanghai Stock Exchange, announcing that ZHENRO PPT intends to restructure its nine corporate bonds listed on the Shanghai Stock Exchange, namely H21 Zhengrong 01, H20 Zhengrong 02, H20 Zhengrong 03, HRP9 Preferred, H Rong 10 Preferred, H Zhengrong 1 Preferred, H Zhengrong 2 Preferred, H Zhengrong 3 Preferred, and H Zhengrong 4 Preferred (listed company bonds). As of the date of this announcement, the total outstanding principal amount of the listed company bonds is approximately RMB 6.6614 billion or approximately RMB 7.203 billion (including accrued interest). ZHENRO PPT has published a notice of creditors' meeting regarding the framework for the restructuring of the listed bonds in China on the website of the Shanghai Stock Exchange (http://www.sse.com.cn/). According to this framework, the restructuring of the listed bonds in China will offer the following proposals to the holders of the listed company bonds: (1) One-time cash payment: A one-time payment of RMB 64 million will be made to offset 8% of the outstanding principal amount of the listed company bonds (including accrued interest) (expected not to exceed RMB 800 million). This payment will be made within two months after obtaining approval from the majority of holders of the listed company bonds for the restructuring of the listed bonds in China. (2) Use of proceeds from the sale of three property projects: The proceeds from the sale of three property projects (after deducting relevant loans and construction costs) are expected to be approximately RMB 179 million, which will be used to offset part of the outstanding principal amount of the listed company bonds at a ratio of RMB 11 of sale proceeds for every RMB 100 of outstanding principal amount. The outstanding principal amount of the listed company bonds expected to be offset in this way will not exceed RMB 1.6 billion. The proceeds will be placed in a trust account for five years. (3) Replacement of remaining principal amount: The remaining principal amount of the listed company bonds (including accrued interest) will be replaced with new bonds to be issued by ZHENRO PPT with a maturity of approximately 8.5 years. The principal amount of the new bonds will be due for repayment two years later and will be paid quarterly. The applicable interest rate prior to the benchmark date will remain unchanged (i.e., the original coupon rate of the relevant listed company bonds), and after the benchmark date, simple interest will be calculated at an annual rate of 1%.