Sino Oil & Gas Holdings Limited has updated the latest progress of its restructuring and exemption from cleansing. The company has announced relevant information on multiple dates and on July 31, 2024, announced an appeal against the decision to reject the creditors' plan by the Hong Kong court, with the appeal hearing scheduled for September 13, 2024. The company is negotiating with Crescent Spring and other investors to explore the possibility of modifying the terms of the restructuring transaction to resolve issues raised by the court, including the company's post-restructuring debt to investors and the potential gains investors could receive. The company commits to monthly updates on progress and will issue further announcements after the appeal hearing. The board of directors is responsible for the accuracy of the announcement and confirms that there are no omissions after a reasonable inquiry.

Sino Oil & Gas Holdings Limited has updated the latest progress of its restructuring and exemption from cleansing. The company has announced relevant information on multiple dates and on July 31, 2024, announced an appeal against the decision to reject the creditors' plan by the Hong Kong court, with the appeal hearing scheduled for September 13, 2024. The company is negotiating with Crescent Spring and other investors to explore the possibility of modifying the terms of the restructuring transaction to resolve issues raised by the court, including the company's post-restructuring debt to investors and the potential gains investors could receive. The company commits to monthly updates on progress and will issue further announcements after the appeal hearing. The board of directors is responsible for the accuracy of the announcement and confirms that there are no omissions after a reasonable inquiry.