CIFI HOLD GP (00884) plans to issue approximately 407.9 million shares to repay debts totaling around 600 million yuan.

CIFI HOLD GP (00884) announced that the domestic bond restructuring plan has been approved by the relevant meeting of domestic bondholders. CIFI China will arrange for domestic bondholders to choose options regarding the restructuring plan based on the amount of domestic bonds they hold, including bond repurchase, equity economic rights, debt-for-equity swaps, and general claims. Domestic bondholders who do not choose any of the above options will be included in the full debt retention and long extension plan. Under the bond repurchase option, CIFI China has repurchased and retired domestic bonds with a principal amount of approximately RMB 11 billion for a total consideration of about RMB 220 million by December 2025. Under the equity option, holders of domestic bonds with a face value of RMB 100 will have the right to receive an amount equivalent to the net proceeds from the disposal of the corresponding 68 shares according to the terms of the domestic bond restructuring. As of the date of this announcement, domestic bonds with a principal amount of approximately RMB 600 million have chosen and been accepted to participate in the equity option. To facilitate the orderly implementation of the equity option in the domestic bond restructuring, on August 18, 2026, the company entered into a subscription agreement with a special purpose company, which conditionally agreed to subscribe, and the company conditionally agreed to award and issue a total of 407,937,848 shares. The net proceeds from the disposal of these shares held by the special purpose company will be used to repay and retire the relevant domestic bonds held by holders who have opted for the equity option, amounting to approximately RMB 600 million. The issuance of shares is intended to facilitate the orderly implementation of the equity option in the domestic bond restructuring. The group will not receive any funds from the share issuance. The group expects to repay a total of approximately RMB 600 million in debt through the share issuance, which will alleviate the group's liquidity pressure, reduce the overall debt scale of the group, improve the group's financial condition, and contribute to the long-term recovery of the group's business.