Jin10 reported on September 10th that in the morning of September 10th, Longguang Group announced on the Hong Kong Stock Exchange that the company has agreed with a group of creditors to make several amendments to the overall CSA (including its terms) that the company believes will be beneficial to its overseas creditors and other stakeholders as a whole. According to the terms of the overall CSA, the company has entered into a revised agreement with the creditor group dated September 10, 2025, which will make all the aforementioned amendments effective from the date of signing the revised agreement. Longguang Group stated that the revised overall restructuring plan will completely resolve the overseas restructuring debt burden defined in the revised terms after the restructuring effective date, thereby establishing a long-term stable capital structure, significantly increasing the company's total net assets and net asset value per share. Meanwhile, the implementation of the revised overall restructuring plan will further promote the normal operation of the company's internal production and business, safeguarding the rights and interests of all stakeholders.
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Long Guang Group: Has agreed with the creditor group to make several amendments to the overall CSA.
Jin10 reported on September 10th that in the morning of September 10th, Longguang Group announced on the Hong Kong Stock Exchange that the company has agreed with a group of creditors to make several amendments to the overall CSA (including its terms) that the company believes will be beneficial to its overseas creditors and other stakeholders as a whole. According to the terms of the overall CSA, the company has entered into a revised agreement with the creditor group dated September 10, 2025, which will make all the aforementioned amendments effective from the date of signing the revised agreement. Longguang Group stated that the revised overall restructuring plan will completely resolve the overseas restructuring debt burden defined in the revised terms after the restructuring effective date, thereby establishing a long-term stable capital structure, significantly increasing the company's total net assets and net asset value per share. Meanwhile, the implementation of the revised overall restructuring plan will further promote the normal operation of the company's internal production and business, safeguarding the rights and interests of all stakeholders.