Sino Oil & Gas Holdings Limited announced that the final deadline for its reorganization trade has been extended to December 31, 2024. This decision takes into account the company's request for a postponement of the liquidation hearing and the schedule for creditors to appeal. The announcement was made by Chairman Dai Xiaobing on August 30, 2024, and the board of directors collectively assumes responsibility for the accuracy of the information. The extension is due to the need for Crescent Spring to obtain authorization from different levels within CITIC Group, and the authorization process cannot be initiated in advance. It is expected that the extension letter will be signed within September 2024, at which time the reorganization documents will retain their binding force and enforceability. The announcement states that, in addition to the extension, the other terms and conditions of the reorganization documents will continue to remain in effect.

Sino Oil & Gas Holdings Limited announced that the final deadline for its reorganization trade has been extended to December 31, 2024. This decision takes into account the company's request for a postponement of the liquidation hearing and the schedule for creditors to appeal. The announcement was made by Chairman Dai Xiaobing on August 30, 2024, and the board of directors collectively assumes responsibility for the accuracy of the information. The extension is due to the need for Crescent Spring to obtain authorization from different levels within CITIC Group, and the authorization process cannot be initiated in advance. It is expected that the extension letter will be signed within September 2024, at which time the reorganization documents will retain their binding force and enforceability. The announcement states that, in addition to the extension, the other terms and conditions of the reorganization documents will continue to remain in effect.