Sino-ocean group holdings limited ("Sino-ocean group") received a liquidation request from the London branch of bank of New York Mellon in the United States on June 27, 2024, involving an outstanding 3.25% secured note with a total principal amount of $400 million and accrued interest. Sino-ocean group said it would strongly oppose the petition and has been working with financial and legal advisers to discuss overall debt management arrangements with creditors. The company's stock may be subject to transfer restrictions and has been suspended from September 15, 2023. Sino-ocean group is in discussion with the coordinating committee regarding debt management arrangements and expects to reach an agreement. The company will seek legal measures to protect its legitimate rights and interests and is committed to treating all creditors fairly. Sino-ocean group shareholders and potential investors are reminded to be prudent in buying and selling shares and to consider relevant risks.

Sino-ocean group holdings limited ("Sino-ocean group") received a liquidation request from the London branch of bank of New York Mellon in the United States on June 27, 2024, involving an outstanding 3.25% secured note with a total principal amount of $400 million and accrued interest. Sino-ocean group said it would strongly oppose the petition and has been working with financial and legal advisers to discuss overall debt management arrangements with creditors. The company's stock may be subject to transfer restrictions and has been suspended from September 15, 2023. Sino-ocean group is in discussion with the coordinating committee regarding debt management arrangements and expects to reach an agreement. The company will seek legal measures to protect its legitimate rights and interests and is committed to treating all creditors fairly. Sino-ocean group shareholders and potential investors are reminded to be prudent in buying and selling shares and to consider relevant risks.