Fancy Year Holdings: Actively negotiate with a group of holders who hold more than 30% of the total principal of existing overseas bills.

On July 4th, Huayang Year Holdings released a quarterly update announcement. The company stated that it has been actively negotiating with a group of noteholders holding over 30% of the company's outstanding overseas notes in unpaid principal, and has extended the deadline for the restructuring support agreement to July 11, 2025. In addition, the company is also in contact with existing domestic lenders in hopes of renewing or extending the loans.