Yuzhou's foreign debt restructuring plan has received high approval ratings and will seek approval and recognition from the court.

On June 4th, Xuhui Holdings announced the latest news on the overseas debt restructuring. At a planned meeting held on the evening of June 3rd, the Xuhui Overseas Debt Restructuring Plan obtained the necessary support from the statutory majority of the plan creditors, and the special resolutions for perpetual securities and convertible bonds were passed separately. The announcement stated that this restructuring is expected to reduce overseas debt by approximately $5.27 billion, accounting for 66% of the total overseas debt. 1250 creditors holding a total of $7.933 billion in voting plan debt participated in the planned meeting, with 1236 creditors holding $7.351 billion in voting plan debt in favor, accounting for approximately 92.66% of the total votes. The announcement also stated that the company will seek court approval and recognition of the plan, with a hearing scheduled for June 26th at 10 a.m.