LOGAN GROUP (03380) overseas debt restructuring plan has officially been approved by the court.

On August 21, LOGAN GROUP (03380) announced the latest progress regarding its overall offshore debt restructuring, stating that the court approval application for the plan was heard on August 4, 2026, in the Cayman Islands Court and on August 13, 2026, in the Hong Kong High Court. As of the announcement date, both the Cayman Islands Court and the Hong Kong High Court had issued orders approving the plan. According to the announcement, the approval orders from the Cayman Islands Court and the Hong Kong High Court were respectively submitted to the Cayman Islands Companies Registry and the Hong Kong Companies Registry for registration on August 7, 2026, and August 21, 2026. Logan's overall offshore debt restructuring plan became effective on August 21, 2026. The final completion of the restructuring plan as detailed in the announcement is subject to the fulfillment of the conditions precedent specified in the plan before the restructuring can be finalized. After the completion of Logan's restructuring both domestically and offshore, the company will continue to strengthen its operations and ensure the delivery of housing.