Sino Oil & Gas Holdings Limited announced on September 20, 2024, that due to the Hong Kong court's rejection of the company's appeal against the approval of the creditors' scheme, the restructuring trade and cleansing exemption could not continue. The company's originally planned series of restructuring measures, including increasing statutory share capital, subscription matters, granting options and puts, revising the Crescent Spring bonds, acquiring Crescent Spring bonds, placement matters, creditors' scheme, and special trade, will be terminated immediately. The company stated that it will not send a circular to shareholders or convene a special general meeting of shareholders. If the company plans to carry out any further restructuring matters, it will be announced separately in accordance with listing rules and takeover codes. Board members include Executive Directors Dr. Dai Xiaobing and Mr. Wen Zixun, Non-executive Directors Mr. Jing Hali, Mr. Wong Siu-mou, Dr. Tsang Hingsum, and Ms. Wong Hoi-ling, as well as Independent Non-executive Directors Dr. Wang Yanbin, Dr. Tang Wai Wah, and Mr. Wen Wenhua.

Sino Oil & Gas Holdings Limited announced on September 20, 2024, that due to the Hong Kong court's rejection of the company's appeal against the approval of the creditors' scheme, the restructuring trade and cleansing exemption could not continue. The company's originally planned series of restructuring measures, including increasing statutory share capital, subscription matters, granting options and puts, revising the Crescent Spring bonds, acquiring Crescent Spring bonds, placement matters, creditors' scheme, and special trade, will be terminated immediately. The company stated that it will not send a circular to shareholders or convene a special general meeting of shareholders. If the company plans to carry out any further restructuring matters, it will be announced separately in accordance with listing rules and takeover codes. Board members include Executive Directors Dr. Dai Xiaobing and Mr. Wen Zixun, Non-executive Directors Mr. Jing Hali, Mr. Wong Siu-mou, Dr. Tsang Hingsum, and Ms. Wong Hoi-ling, as well as Independent Non-executive Directors Dr. Wang Yanbin, Dr. Tang Wai Wah, and Mr. Wen Wenhua.