China's Hang Da Group (in liquidation) issued a voluntary notice on March 24, 2024, mentioning its overseas debt restructuring plan previously recognized under Chapter 15 of the U.S. Code. The Group, along with Scenic and Tenki, has withdrawn its application for an Overseas Debt Restructuring Arrangement Arrangement in Hong Kong or the BVI, which was completed on 22 March 2024. The common and individual liquidators of the China Hang Dai Group said that they will continue to focus on securing, maximizing and returning the value of creditors and other stakeholders, and will submit new applications under Chapter 11, Chapter 15 of the US Code of Justice, to support necessary or appropriate solutions. The announcement also reminds shareholders, investors and potential investors to exercise caution when buying and selling the Company's securities.

China's Hang Da Group (in liquidation) issued a voluntary notice on March 24, 2024, mentioning its overseas debt restructuring plan previously recognized under Chapter 15 of the U.S. Code. The Group, along with Scenic and Tenki, has withdrawn its application for an Overseas Debt Restructuring Arrangement Arrangement in Hong Kong or the BVI, which was completed on 22 March 2024. The common and individual liquidators of the China Hang Dai Group said that they will continue to focus on securing, maximizing and returning the value of creditors and other stakeholders, and will submit new applications under Chapter 11, Chapter 15 of the US Code of Justice, to support necessary or appropriate solutions. The announcement also reminds shareholders, investors and potential investors to exercise caution when buying and selling the Company's securities.