The Shimao Group announced on 31 May 2024 that it has extended the early bird consent fee deadline in the restructuring plan to 28 June 2024 and the general consent fee deadline to 31 July 2024 to complete internal approval and signing procedures in cooperation with some scheme creditors. This is a further development following the company's proposed restructuring plans submitted on 25 March and 2 May. The Company and its advisors are actively discussing the restructuring plan with creditors and are urging debt holders who have not yet joined the creditor support agreement to participate through the Kroll Issuer Services Limited platform. The Company will continue to update the restructuring progress to remind shareholders and potential investors to exercise caution when trading.

The Shimao Group announced on 31 May 2024 that it has extended the early bird consent fee deadline in the restructuring plan to 28 June 2024 and the general consent fee deadline to 31 July 2024 to complete internal approval and signing procedures in cooperation with some scheme creditors. This is a further development following the company's proposed restructuring plans submitted on 25 March and 2 May. The Company and its advisors are actively discussing the restructuring plan with creditors and are urging debt holders who have not yet joined the creditor support agreement to participate through the Kroll Issuer Services Limited platform. The Company will continue to update the restructuring progress to remind shareholders and potential investors to exercise caution when trading.